Wisconsin and seven other states have reached settlements with several TV and computer makers they sued for alleged price-fixing on LCD screens.
Attorney General J.B. Van Hollen says the companies, including Samsung, have agreed to put $500 million into a settlement fund for consumers and businesses from 25 states. But Wisconsinites will not be able to make claims just yet. Van Hollen says litigation must still be concluded against four other firms, including LG.
The lawsuit brought by several states was filed in August of last year. It claims the companies conspired to illegally inflate prices of certain LCD panels, preventing price competition for components that are common in TV and computer displays.