HP Sues Over LCD Price Fixing 56
angry tapir writes "Hewlett-Packard has filed a complaint against display manufacturers Chunghwa Picture Tubes and Tatung Company of America, seeking to recover damages it claims it suffered as a result of their involvement in a price fixing scheme. In November 2008, Chunghwa pleaded guilty to participating in a conspiracy together with other display manufacturers, including LG Display and Sharp, to set the prices of Thin-Film Transistor-Liquid Crystal Display (TFT-LCD) panels to predetermined levels. The company agreed to pay a US$65 million criminal fine at the time. A jury found AU Optronics, another display manufacturer, guilty of participating in the same conspiracy and was fined US$500 million in September by a judge of the U.S District Court for the Northern District of California. In October last year, 10 LCD makers, including Chunghwa Picture Tubes, were fined $176 million in South Korea for allegedly holding secret meetings to keep the prices for flat screen displays artificially high."
Re:That's nice (Score:1, Informative)
Company A sues Company B == mutually assured profit for the lawyers, and both companies pass their legal costs on to the consumers.