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China: LCD cos begin repayment to consumers hurt by price-fixing

By  |  January 16, 2013

In a move that sent antitrust experts buzzing, China’s decision to follow suit with other regulators and fine those accused of price-fixing in the LCD market has resulted in $27 million in paybacks to LCD consumers by the six companies fined. Two South Korean companies and four Taiwanese companies were fined a total of $56 million plus the re-payment to consumers who were harmed by the price-fixing. The six companies reportedly assured that the “rest” of the payback fines will be paid, though reports did not state how much more the companies had to pay.

 

Full Content: CNTV

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