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LCD firms agree on $553 million settlement for price fixing

By Leeky
Dec 28, 2011
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  1. Samsung Electronics and six other producers of liquid-crystal displays have agreed to pay around $553 million in compensation to settle consumer and state regulator claims they conspired to "fix" prices…

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  2. Butch

    Butch TS Enthusiast Posts: 112

    These companies have so much money that these "fines" are just an minor annoyance to them and the money they made from the price fixing easily covers the fine and legal fees. There really should be criminal charges for this type of stuff. The worst part is that its the law firms that make the money from this and the consumers who paid artificially higher prices get squat. Oh well, such is the world that we live..
     

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