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May 15, 2015

Posted  May 15, 2015

Washington Attorney General Bob Ferguson announced his office expects to recover a total of $63 million from nine LCD manufacturers, whose price-fixing conspiracy drove up prices consumers paid on items like TVs, laptops and cell phones. If approved, it will be one of the largest recoveries for Washington by the Attorney General’s Antitrust Division in state history. The companies involved and the amount they agreed to pay are: Samsung ($12.94 million), AU Optronics ($12.5 million), Chi Mei Optoelectronics ($8.75 million), Sharp ($6.75 million), Epson ($2.7 million), Toshiba ($950,000), and Chunghwa Picture Tubes ($350,502). The office previously reached agreements with LG ($13 million) and Hitachi ($5.2 million). WA