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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Samsung, LG, Philips sued by Illinois over price fixing

By Korea Herald

Published : Sept. 19, 2012 - 20:03

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Samsung Electronics Co., LG Electronics Inc. and Philips Electronics North American Corp. were sued by Illinois over alleged price fixing, based on claims the companies inflated costs for computer monitors and televisions.

Illinois Attorney General Lisa Madigan filed the suit Tuesday in state court in Chicago. The complaint, which also names Hitachi Ltd. and Toshiba Corp. among others, claims the companies agreed to fix the price of, and limit production of, cathode-ray tubes from March 1, 1995, through at least Nov. 25, 2007, according to the filing.

(Bloomberg)

Korea Herald
Korea Herald
Articles by Korea Herald

Samsung, LG, Philips sued by Illinois over price fixing

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