25.07.12

LG, Toshiba and AUO latest to settle in LCD price-fixing case

LG has agreed to pay a settlement of $380 million dollars (€310 million) in the latest development of the US LCD price-fixing scandal.

The South Korean electronics giant was embroiled in the class action case that accused LCD makers of a conspiracy to fix LCD display prices from the late 1990s through to 2006.

Toshiba and AUO have also agreed to pay $170 million and $21 million, respectively.