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January 14, 2015

LCD firm pays state $13M for price fixing

SEATTLE (AP) — A company that manufactures LCD panels has agreed to pay the state of Washington $13 million to resolve claims it participated in a price-fixing scheme.

LG Display will pay the amount to resolve claims that it violated Washington antitrust laws in the manufacture of LCD panels used in televisions, cellphones and computer monitors, Attorney General Bob Ferguson said Tuesday. The LCD panels can account for up to 80 percent of the cost of the devices.


 
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