LG to settle price-fixing suit for $380 million

The LCD screen maker to pay the largest amount of 10 companies named in the litigation

Perhaps all those people standing in their local electronics store a few years ago, scratching their heads and wondering why that 60-inch flat screen cost $6,000, feel slightly vindicated now.

Liquid crystal display (LCD) maker LG Display Co. yesterday agreed to pay $380 million to resolve a civil lawsuit alleging that the company, along with nine others, conspired to fix the prices of its products.

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