The way LCD price fixing lawsuits keep popping up and settling in short order, you'd think they were going out of style. The latest motley group to face a reckoning includes AU Optronics, LG and Toshiba, the combination of which has agreed to pay a total of $571 million to eight separate American states to either avoid the the legal wrath of a class action lawsuit or to pay an outstanding fine. Allegedly, the trio kept LCD prices artificially high between 1996 and 2006, hiking the prices of PCs and TVs in the process. There's a slight twist here: while keeping the display builders honest is the primary goal, the class action status will net some direct rewards for the public. Americans who claim to have been wronged in the scandal can get "at least" $25, which goes a lot further towards buying an LCD than it did six years ago.
Filed under: Displays, Home Entertainment
AUO, LG, Toshiba pay $571 million to settle LCD price fixing lawsuit, broken record keeps skipping originally appeared on Engadget on Thu, 12 Jul 2012 13:55:00 EDT. Please see our terms for use of feeds.
Permalink |
Reuters |
Email this |
Comments
As successful as the Nintendo Switch has been, there's been a consistent headache: Joy-Con drift. Many gamers have reported the controllers' analog sticks registering non-existent input (hence drifting), forcing players to either adapt or send the p...
Uber is no stranger to lawsuits on any continent, but a new class action filing from four Australian states looks set to become one of the largest in the country's history.
Did your Nexus 6P get stuck in boot loops and randomly shut down due to battery issues? If so, you might be in line for some cash. Google and Huawei have reached a preliminary agreement to settle a class action lawsuit with compensation for owners...
Uber's ongoing driver lawsuit issue could be winding down. The ride-hailing company has agreed to pay $20 million to settle a legal battle instigated by drivers nearly six years ago, according to court filings. Drivers for the company argued that the...
Two more investors have filed lawsuits (PDF) against Theranos, a few weeks after Walgreens sued the embattled startup for $140 million. This is the third one filed against the company, following the drugstore chain's and Partner Fund Management's (PF...
Uber is known for being aggressive when it wants changes to the law -- just ask anyone who has received email after email asking for support. However, its latest effort might have crossed the line. The app-hailed transportation service is facing a...
Uber announced tonight that it has settled a pair of class-action lawsuits from drivers in California and Massachusetts. The settlement will pay $84 million to the plaintiffs, plus an extra $16 million if the company goes public and its valuation exc...
If Facebook thinks the legal troubles with its initial public stock offering are over, it has another thing coming. A federal judge has ruled that the social network must face two class-action lawsuits accusing it of masking doubts about its growth...