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State of New York Sues LCD Makers

Article Comments  20  

Aug 6, 2010, 12:51 PM   by Eric M. Zeman   @phonescooper

The District Attorney of the State of New York has filed a lawsuit against makers of liquid crystal displays for TVs, computers and cell phones, alleging that the companies colluded to fix prices. The lawsuit names Samsung Electronics, Sharp, Toshiba, Hitachi Displays, LG Display, AU Optronics, Chi Mei, CMO Japan, and their U.S. affiliates. New York says the companies' price fixing scheme cost New Yorkers hundreds of millions of dollars. It is seeking damages and restitution to state and local governments. Several of the named companies settled a similar lawsuit with the federal government.

more info at Associated Press »

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Comments

This forum is closed.

This forum is closed.

justfinethanku

Aug 7, 2010, 11:24 AM

There is NO POSSIBLE WAY the government lost money on this.

Are you kidding me????

First of all, these allegations may be completely baseless. But even if they are not, the higher the price of the TV, the more money the state gets from sales tax.

The only possible reason for the government to be doing this is to raise funds to again line their pockets at the expense of those who ACTUALLY PRODUCE A PRODUCT.



The government officials need to get real jobs and we need to stop believing that without them we would fall into chaos.
I know, right? Somalia is living proof of how well people can live wihout a functioning government.

Oh, wait...
...
island-guy

Aug 7, 2010, 3:07 PM

They should make CRT only for New York

The manufacturers should all agree to sell only heavy as heck CRT units for New York, charge them the extra cost to make them and not support any LCD on New York soil. Seriously though, why make an issue of this? The guys that invest all the money and effort to make them should have some say as to how they price them. I guess that being the biggest and whiniest consumer on the planet must give us the right to do this?
And in cell phones put that mini CRT that was used in the old Sega Game Gear. it used 8 batteries and lasted 30 minutes.
Daniel Dc5

Aug 6, 2010, 1:25 PM

Wait what?

Can someone please explain, I can not open the article at work.
"The District Attorney of the State of New York has filed a lawsuit against makers of liquid crystal displays for TVs, computers and cell phones, alleging that the companies colluded to fix prices. The lawsuit names Samsung Electronics, Sharp, Toshiba...
(continues)
http://hosted.ap.org/dynamic/stories/U/US_LCD_SCREEN ... »

Aug 6, 3:34 PM EDT


NY official claims LCD suppliers fixed prices

By MICHAEL VIRTANEN
Associated Press Writer

ALBANY, N.Y. (AP) -- N...
(continues)
...
kmacey1249

Aug 7, 2010, 3:20 AM

New York $tate

Wow, so not only is a pack of cigarettes $10.50 here in New York and we almost passed an obesity tax, but now we need to, as a state, start suing electronics manufacturers. Notice all of that money goes back to the government. I wonder what Patterson plans on doing with all this money anyway?
Putting it into the system to better the lives of the average citizen, of course. What else?! Laughing
Stop smoking and lose weight. Problem solved.
Slammer

Aug 7, 2010, 11:35 AM

Honest Opinion?

The whole damn wireless industry is based on price fixing. It all starts with the manufacturers.

Manufacturers overcharge for their products, carriers pay it and just charge it back to the subscribers.

But back to the point of topic.

I think if this law suit holds any validity, it would have to be backed by the country itself rather than just New York. Are the other state not effected by this?

John B.
yeahright

Aug 6, 2010, 2:01 PM

question

so if they win and manufactures have to fork over millions.... wouldn't that make the price go up on these items, thus costing the consumer in the end again Confused
and what about us consumers? Evil or Very Mad
...
flip mode

Aug 6, 2010, 2:25 PM

this is like the second time...

that they're in trouble for price fixing on screens.
 
 
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