A.G. Schneiderman Announces $571 Million Settlement With LCD Panel Manufacturers In Price Fixing Case
NEW YORK– Attorney General Eric T. Schneiderman today announced a $571 million multi-state settlement with three major technology corporations charged with illegally conspiring to boost prices for liquid crystal display (LCD) screens used in televisions, computer monitors, and laptops. As part of the agreement reached with AU Optronics Corporation, LG Display Co., Ltd., Toshiba Corporation, and affiliated entities of each corporation, New York State taxpayers are expected to receive upwards of $10 million through recovery for government purchases and penalties, in addition to restitution to compensate consumers affected by the scheme.