NY State sue LCD suppliers for antitrust violation
New York State has filed an antitrust action against major Asian electronics firms for illegally fixing prices of liquid crystal display screens and causing damage to the state and its public organizations.
Among the 20 companies being sued are Japanese electronics giants Hitachi, Sharp, and Toshiba, as well as South Korea's Samsung and LG Display, and Taiwanese manufacturers.
The state's attorney general, Andrew Cuomo, says the firms fixed prices of LCDs used for television sets and personal computers, and sold products that came with unreasonably expensive LCDs.
The lawsuit filed on Friday seeks to recover damages suffered by the state government, its schools, hospitals and other public organizations between 1996 and 2006.
Cuomo maintains that the state's municipalities and schools spent millions of dollars on purchasing products that contained LCDs that had their prices fixed.
In 2008, Sharp, LG Display and Chunghwa Picture Tubes admitted to similar charges involving LCDs, and paid fines totaling about 580 million dollars.
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