Manufacturers Settle Second Time in LCD Price-Fixing Lawsuit

New York’s attorney general said today that three new LCD manufacturers will pay $571 million to settle claims that they conspired to inflate the price of LCD screens — this time its LG, Toshiba and AU Optronics. This follows a December 2011 settlement for $553 million with seven other LCD manufacturers, with $240 million of that coming from Samsung. Other companies part of that settlement include Sharp, Hitachi Displays and Epson Imaging Devices.

About $692 million of the settlements from the two lawsuits will be available to consumers as partial refunds.

For more information about the lawsuit, click here.