Samsung, Sharp and five other lcd manufacturers have a class action case about price-fixing of lcd’s suitable for a amount of 538,6 million dollars. Earlier this month, all were the direct recipients of the panels offset.
The vast majority of the settlement amount, 501 million dollars, will be used to consumers a portion of their purchase price back. In addition, 37 million dollars intended as compensation for government agencies in the states of Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia and Wisconsin.
Samsung have 240 million dollars coughing up, while Sharp, an amount of 115.5 million dollars should pay according to the settlement. Chimei Innolux must 110.3 million dollar donation, while also Chunghwa, Epson, Hannstar and Hitachi contribute financially to the settlement. Earlier this month was the lcd manufacturers already offer a settlement for direct purchasers of the lcd’s agreed to a value of 388 million dollars.
The class action case in 2007 was instituted. According to the lawyers of the group of consumers had the price fixing between the lcd manufacturers to the effect that the prices for televisions, laptops and lcd monitors between 1999 and 2006 at an artificially high level were held. With some manufacturers is still no settlement agreed. These include AU Optronics, LG Display and Toshiba.