Price Fixing Again – No Not Gas, its LCD TVs!

by Jack Lee

Bought an LCD big screen TV lately? Chances are you overpaid. Turns out 3 main suppliers were engaged in price frixing. LG Display of South Korea, Sharp of Japan and Chunghwa Picture Tubes of Taiwan pleaded guilty and agreed to pay a total of $585 million in criminal fines for their role in fixing the price of liquid-crystal display panels. When are the CEO’s going to get some serious jail time?

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