Sharp, LG to pay big fines for LCD price fixing

Darren Murph
D. Murph|12.19.08

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Sharp, LG to pay big fines for LCD price fixing
There may have been a long shot in Hades that Sharp and LG would navigate their way out of paying a full $120 million / $400 million fine for their respective roles in a recent LCD price fixing bust, but that shot has apparently failed. It was announced this week that both firms would indeed be sentenced to pay the full fine "for their role in a price-fixing scheme that forced millions of US consumers to overpay for gadgets using liquid-crystal displays." The other culprit, Taiwan's Chunghwa Picture Tubes, has already agreed to plead guilty to criminal charges and will be sentenced in January. Happy holidays, huh?
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