Printed from http://www.electronista.com

LG, four others face EU fines for LCD price fixing

updated 02:15 pm EST, Mon November 29, 2010

EU watchdog to sue LG, four more for LCD cartel

LG Display and AU Optronics are two of five companies that are facing fines from European Union regulators over allegedly colluding on fixing the prices of LCD displays in consumer devices, four sources said in a recent report. One of the unnamed sources said the European Commission will announce the fines on December 8. While the EU regulator didn't name the companies, LG Display and AU and Chi Mei Optoelectronics confirmed these charges themselves.

A document from the Commission obtained by Reuters shows that the other companies include Chunghwa Picture Tubes and HannStar Display Corp, which makes HannSpree TVs and computer displays. Samsung notified the European Commission of this cartel, one of the sources said, and will not be fined.

Earlier this summer, LG Display, Samsung, Hitachi and Sharp were sued by New York attorney general for allegedly price fixing LCD screens in customer electronics.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News