Wednesday 28 December 2011

LCD Makers Pay $538 Million In Cost Fixing Case

Numerous LCD producers happen to be charged with cost fixing on LCD sections, the businesses include Samsung, Hitachi, Sharp, Epson Imaging Products and much more.

It appears such as the companies within the situation have made the decision to stay, and they'll shell out a maximum of $538 million to stay the accusations they have fixed the costs of LCD sections during a period of eight years.

Samsung LCD

From the $538 million, $501 million will be employed to subsidize reimbursement program to clients, and also the remaining $37 million goes to condition government authorities in america.

All the companies active in the cost fixing accusations also have decided to take part in antitrust compliance programs.

Source Everything D



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