State of New York Sues LCD Makers
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.
There is NO POSSIBLE WAY the government lost money on this.
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.
They should make CRT only for New York
Aug 6, 3:34 PM EDT
NY official claims LCD suppliers fixed prices
By MICHAEL VIRTANEN
Associated Press Writer
ALBANY, N.Y. (AP) -- N...
New York $tate
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?
this is like the second time...