Toshiba and LG settle LCD price-fixing scandal for half a billion dollars

. Toshiba, LG and AU Optronics have agreed to pay a combined sum of $571 million to settle a lawsuit over a liquid crystal display price-fixing scandal, Reuters reported. According to San Francisco attorney Joseph Alioto, who was the co-lead counsel for consumers suing the companies, $543.5 million will be awarded to at least 20 million consumers in 24 states, while $27.5 million will be paid as civil penalties to eight state governments. Seven other LCD manufacturers had reached an earlier settlement of $538.5 million.

Boy Genius Report , Toshiba and LG settle LCD price-fixing scandal for half a billion dollars, Toshiba and LG settle LCD price-fixing scandal for half a billion dollars