MADISON, WI (WTAQ) - Three more companies have agreed to settle a lawsuit filed by Wisconsin and other states, which accused the makers of flat screens of conspiring to inflate prices.
New York’s attorney general said Thursday that 3 Asian firms and their U.S. affiliates have agreed to pay $571 million to settle price-fixing allegations made by the Badger State and 7 others for LCD screens used in TV’s and computers.
All told, consumers in two dozen states will be entitled to partial refunds once the settlement gets a court’s final approval.
The LG Display Company, Toshiba, and AU Optronics are the final companies to reach settlements – and the lawsuit will be considered closed on the deals are finalized.
Earlier, 7 companies from the Far East agreed to settle the states’ allegations that they inflated prices for thin-film transistor LCD screens from 1999 to 2006.
Neighboring Michigan joined Wisconsin as a plaintiff, along with New York, Florida, West Virginia, Arkansas, Missouri, and California. Consumers in neighboring Minnesota and Iowa are also among those covered in Thursday’s agreement.