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Six television / CRT monitor makers fined $1.9 billion for EU price fixing
- A group of six electronics makers have collectively been hit with a massive antitrust penalty to the tune of 1.47 billion euros ($1.92 billion), the largest penalty in history in the region. The European Commission claims that representatives from LG…
Apple and four publishers offer EC e-book price fixing settlement
- Apple, Hachette, HarperCollins, Holtzbrinck and Simon & Schuster have offered to overhaul their pricing models in order to settle with the European Commission over anti-trust allegations that the firms colluded to fix e-book prices.
Apple calls e-book settlement "unfair, unlawful, and unprecedented"
- In a statement issued yesterday, Apple lambasted the Department of Justice over supporting a government-proposed settlement intended to resolve possible e-book price-fixing practices. The company criticized the settlement as "fundamentally unfair, unlawful and unprecedented", accusing the DOJ of attempting to…
Three LCD makers settle price-fixing class-action suit for $543.5 million
- AU Optronics (AUO), LG Display and Toshiba have finally settled for $543.5 million bringing an end to the six-year long multi-state led class-action lawsuit in which all three companies stood accused of operating an LCD panel price-fixing ring.
HP's Seoul office raided in price fixing investigation
- HP's Seoul office was raided by South Korea's Fair Trade Commission (FTC) last Friday as part of a price fixing investigation, according to Korea Times. The agency reportedly swiped documents and computer records along with questioning employees, though full details…
LCD firms agree on $553 million settlement for price fixing
- 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 for LCD panels used in televisions, laptops and computer displays. …
Hitachi-LG execs face jail time, fines for price fixing
- Three industry executives will serve prison sentences after pleading guilty to fixing optical disk drive prices, according to the US Department of Justice. The Hitachi-LG Data Storage (HLDS) workers, Young Keun Park, Sang Hun Kim and Sik "Daniel" Hur participated…
LCD makers agree $388m settlement in alleged price fixing case
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Several LCD manufacturers have agreed to pay an estimated $388 million to settle a civil lawsuit over alleged price fixing in the liquid crystal display panel market according to court documents cited by Bloomberg...
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