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Illinois sues Samsung, LG and other electronics companies for price-fixing

The complaint alleges the companies conspired to limit production of cathode ray tubes

A nice TV doesn’t come cheap, but the state of Illinois is getting suspicious about prices anyway. Illinois Attorney General Lisa Madigan filed a complaint on Tuesday, accusing several large electronics makers of conspiring to inflate the costs of TVs and computer monitors.

The complaint asserts that the companies, including Samsung Electronics Co., LG Electronics Co. and Philips Electronics North American Corp., agreed to fix the prices and limit production of cathode ray tubes, a component used in the manufacture of TVs and computer monitors. This allegedly went on from at least March 1, 1995 to Nov. 25, 2007.

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