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Whoops; Sharp and LG Display caught price fixing

Matt Burns
Wednesday, December 10th, 2008
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Matt is currently working as a writer for TechCrunch. Matt Burns is a family man first and attempts to be a writer second. Born and raised in the heart of the automotive world, only cars eclipse his love of gadgets. He previously wrote for Engadget and EngadgetHD before moving into the party house that is TechCrunch. He learned the retail... → Learn More

Two of the largest display companies, Sharp and LG Display, have been caught fixing TFT LCD prices and will plead guilt next week. Details about the crime haven’t been released but we do know that LG is going to pay $400 million and Sharp, $120 million in fines. Ouch. Some suits aren’t getting their Christmas bonus this year.

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