New York Suing LCD Makers Over Price Fixing Concerns

New York State filed suit today against several of the largest LCD manufacturers, citing concerns of price fixing schemes. Those under scrutiny include Sharp, LG, Hitachi and Samsung—the latter being the most popular LCD brand in the country.

"Our investigation shows that an illegal cartel eliminated competition in the marketplace for LCD screens, made its own secret decisions to boost prices, and then took steps to make those high prices stick," New York Attorney General Andrew Cuomo explained to the Wall Street Journal. This suit is only the most recent instance of cartel-busting, but should be good news for consumers, if these companies manage to learn their lesson this time.