Tag Archives: Hitachi
Dell Suing Hitachi, Sharp, and Toshiba For LCD Price Fixing
Dell Inc. (NASDAQ:DELL) has filed a lawsuit against Toshiba, Hitachi, and Sharp for price fixing of LCD displays. The lawsuit was filed at a U.S. district court in San Francisco. Dell did not decide what they are seeking as a result of the lawsuit. This isn’t the first time Sharp faced a similar charge. In November 2008 LG, Sharp, and Chunghwa pleaded guilty for LCD display price-fixing conspiracy. [ZDNet]
Categories Dell Inc., Hitachi, Sharp, Toshiba
Leave a comment
Epson Admits To Price Fixing, Fined $26 Million
Epson Imaging Devices has plead guilty to price fixing LCD screens that were sold to Motorola. As a result, the company will be paying $26 million for the conspiracy. Epson Imaging Devices is a subsidiary of Seiko Epson. Motorola used the LCD panels for their Razr mobile phone devices between 2005 and 2006.
During the time of the conspiracy, Epson was called Sanyo Epson Imaging Devices. The U.S. Department of Justice accused Epson for meeting with competitors and agreeing to set the prices of LCDs that were sold to Motorola.
This past December, LG made a similar confession to the U.S. DOJ. LG was sentenced to pay $400 million for price-fixing LCDs. Around the same time Sharp paid $120 million for the same charge. Sharp fixed the prices of LCDs that were sold to Apple, Motorola, and Dell.
About one month later, Chunghwa Picture Tubes plead guilty and was forced to pay $65 million. This past May, Hitachi paid $31 million for selling fixed-price LCDs to Dell.
Categories Chunghwa Picture Tubes, Epson, Hitachi, LG Electronics, Motorola, Motorola Razr, Seiko Epson, Sharp
1 Comment
Hitachi To Pay $31 Million For LCD Price Fixing
Electronics company Hitachi will be paying $31 million in fines to settle a role in a conspiracy involving selling fixed prices of LCD display panels to Dell. Hitachi Displays committed the act along with LG, Chunghwa, and Sharp. Between the period of April 1, 2001 and March 31, 2004 – Hitachi met with companies in Japan, Korea, and the U.S. to discuss prices for LCDs. Hitachi also agreed to cooperate with further investigations by the U.S. Department of Justice.
This past December LG was found guilty for conspiracy and had to pay $400 million. This is the second largest fine every imposed by the Antitrust Division. Executives from LG and Chunghwa also had to serve time for between 6 and 9 months along with paying a fine. About $585 million in criminal fines have been made against all of the companies involved.
[via PCW]
Categories Chunghwa, Dell Inc., Hitachi, LG Electronics, Sharp, US Department of Justice
Leave a comment