NY official claims LCD suppliers fixed prices

August 6th, 2010 in Technology / Business

(AP) -- New York Attorney General Andrew Cuomo has sued several major suppliers of liquid crystal display screens used in computers, televisions and cell phones, claiming consumers paid extra because of price fixing.

Some of the companies settled earlier, similar federal charges.

The New York suit filed Friday in state court in Manhattan seeks damages and restitution to state and local governments along with penalties for actions from 1996 to 2006 by companies in Japan, Korea, and Taiwan and their U.S. divisions.

It claims the cartel's scheme cost New Yorkers hundreds of millions of dollars.

Defendants are Co. Ltd., ., Toshiba Corp., Hitachi Displays Ltd., LG Display Co. Ltd., AU Optronics Corp., Chi Mei Corp., CMO Japan Co. Ltd., and U.S. affiliates.

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"NY official claims LCD suppliers fixed prices." August 6th, 2010. http://phys.org/news200320062.html