Florida sues major LCD manufacturer

Florida Attorney General Bill McCollum said on Tuesday that his office would file a lawsuit against the world’s biggest manufacturers of liquid crystal display panels for alleged price fixing.

The civil lawsuit will be filed in a California federal court, the attorney general’s office said.

The list of defendants included well-known international LCD makers such as Samsung Electronics Co Ltd, AU Optronics Corp, Hitachi Ltd, LG Display Co, Sharp Corp and Toshiba Corp.

The lawsuit claims these companies conspired, preventing competition for TFT-LCD panels. These panels are found in the most common LCD devices, like flat-screen TVs and computer monitors.

New York Attorney General Andrew Cuomo sued LCD makers on Friday, claiming that the price fix has been going on for a decade.

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Posted on August 10, 2010, in Politics & The Economy, Technology and tagged , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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