LCD makers in new deal to pay $538m in antitrust settlement

Sharp Corp, Samsung Electronics Co and five other makers of liquid crystal display (LCD) panels used in computers and TVs have…

Sharp Corp, Samsung Electronics Co and five other makers of liquid crystal display (LCD) panels used in computers and TVs have agreed to pay $538.6 million (€412 million) to settle antitrust claims in the US.

Earlier this month they agreed to pay $388 million to settle price-fixing claims by direct buyers as part of a series of cases consolidated in federal court in San Francisco. Under the new deal, about $501 million will be available for partial refunds to consumers and $37 million to compensate governments and other public entities. – (Bloomberg)