LG and Sharp plead guilty to LCD price-fixing double-cross
It seems that these days you can’t trust anybody. Everyone wants to mess with you and take your money when you least expect it. This is the case of the LCD price-fixing lawsuit filled against LG, Sharp and Chunghwa Picture Tubes. And guess what? They all pleaded guilty in this case started by the US Department of Justice and are bound to pay a combined $585m fine. LG only will throw $400 mil out of the piggy bank for conspiring to fix prices from September 2001 to June 2006 and Sharp will lose $120 mil for double-crossing Dell, Motorola and Apple with panels.
That is nice, but what happens to us mere mortals whose money totals the $585 mil? Good luck I guess. Over and out.
