HDTV Almanac - LCD Makers in Court: Piling On

[alfredpoor]

Many of the major LCD panel manufacturers have already pleaded guilty to price fixing charges in U.S. federal courts — paying close to $1 billion in fines – and now the states are lining up to get a piece of the action in the form of defending their citizens who were ripped off by the [...]

[url=http://www.hdtvmagazine.com/columns/2010/08/hdtv-almanac-lcd-makers-in-court-piling-on.php]Read Column[/url]

[Roger Halstead]

Although the Feds and now the states are going after them with huge fines, what will this mean to the person who paid too much due to price fixing?

I predict that the consumer will either get a token amount, or nothing as the states and Feds use this for themselves.

[alfredpoor]

I expect that it will be something like a coupon off your next TV. The individual damage was small, but in aggregate it amounts to a large amount. That's what happens when you sell millions of a product.

Alfred

[Roger Halstead]

Oh, but should I be so lucky as to come up with a product that would sell millions. I could have more toys. <:-))