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Friday
Jul132012

AG Announces $571 Million Price-Fixing Settlement 

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(SAN FRANCISCO) -- Three manufacturers have agreed to pay $571 million in damage claims and civil penalties as part of a settlement reached with the attorneys general of eight states, including California.

The settlement comes as companies Toshiba Corp.; LG Display Co., Ltd.; and AU Optronics Corporation were accused of engaging in price-fixing of flat screen LCD panels for monitors, laptops and televisions.

As part of the settlement, the companies will also contribute to a fund for injured consumers and affected businesses.

Copyright 2012 ABC News Radio

DateFriday, July 13, 2012 at 2:22PM AuthorAnselm Gibbs

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