NY Attorney General Sues Samsung, Sharp and Others for LCD Price Fixing

By Ian Bell August 6, 2010

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 Samsung Electronics Co. Ltd., Sharp Corp., 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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Samsung Display to end LCD production by 2021

Samsung Display is ending production of its LCD panels in South Korea and China by 2021.

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