LG, Sharp, and Chunghwa to pay $585 million in fines for price fixing.

Posted by: Seth Richards at 1:01 pm, November 16th, 2008

LG, Sharp, and Chunghwa Picture Tube plead guilty on Wednesday to price fixing for LCD displays. Apparently the three companies participated meetings in Taiwan, Korea and the United States and agreed to charge defined pricing. The justice department announced that the three would pay approximately $585 million in fines.