Hasta La Gadget!

The way LCD price fixing lawsuits keep popping up and settling in short order, you’d think they were going out of style. The latest motley group to face a reckoning includes AU Optronics, LG and Toshiba, the combination of which has agreed to pay a total of $571 million to eight separate American states to either avoid the the legal wrath of a class action lawsuit or to pay an outstanding fine. Allegedly, the trio kept LCD prices artificially high between 1996 and 2006, hiking the prices of PCs and TVs in the process. There’s a slight twist here: while keeping the display builders honest is the primary goal, the class action status will net some direct rewards for the public. Americans who claim to have been wronged in the scandal can get “at least” $25, which goes a lot further towards buying an LCD than it did six years ago.

Filed under: Displays, Home Entertainment

AUO, LG, Toshiba pay $571 million to settle LCD price fixing lawsuit, broken record keeps skipping originally appeared on Engadget on Thu, 12 Jul 2012 13:55:00 EDT. Please see our terms for use of feeds.

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Google knows that there’s a looming EU antitrust lawsuit if it doesn’t volunteer some kind of change to its search practices, so it’s not entirely surprising that chairman Eric Schmidt has sent a letter offering a settlement to the European Commission’s competition chief Joaquin Almunia. The details of just what that potential truce entails are under wraps, although Almunia has long broadcast his concerns that Google might be unfairly favoring its own services above those of others — he’d be most happy if the results were more organic. It’s hard to say whether or not Google is prepared to follow along, but a peace gesture is a sharp break from the company’s previously firm view that there’s no need to change. We wouldn’t be surprised if the EU’s recent success in fining Microsoft has left Google hesitant to take its chances in court.

Google offers to settle with EU over antitrust gripes, olive branch now fully extended originally appeared on Engadget on Mon, 02 Jul 2012 14:46:00 EDT. Please see our terms for use of feeds.

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