Hitachi pays $31m fine for LCD price fixing
03/10, 2:55pm
Hitachi Guilty in LCD Fix
Hitachi this afternoon said it had pled guilty to rigging the prices of its LCD panels and agreed to pay a $31 million fine. The agreement with a US District Court in San Francisco finds that Hitachi held meetings with Dell that illegally set prices for computer LCD displays by agreeing to prices in advance and artificially adjusting the actual quoted prices to match the target. Hitachi's move effectively let the company set its own prices independently of the market between April 2001 and March 2004.


