AT&T Accuses LCD Makers of Price Fixing, Sues Samsung and Others


AT&T has a bone to pick with several big-name LCD makers, and it will do it in court. The telco has sued a number of display manufacturers over allegedly fixing the price of more than 300 million mobile LCD screens.

Those on the receiving end of the lawsuit include Samsung, LG Display, Optronics, Sharp, and Chungwa. According to the lawsuit , the display makers "formed an international cartel illegally to restrict competition in the United States in the market for LCD panels."

AT&T called the whole situation a "conspiracy," accusing the defendants of agreeing to eliminate competition and fix LCD panel prices that they knew would be incorporated in LCD products and sold in the U.S.

This isn't the first price fixing scandal to hit the LCD industry, nor is it the first time LG, Chunghwa, and Sharp have been tied to price fixing allegations. All three agreed to plead guilty to similar charges in November 2008 and to pay $585 million in criminal fines.

Image Credit: Gizmodo

Around the web