LG, CPT Execs Face Jail for LCD Price Fixing

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I wish the people who had bought the over-pricced monitors would get the money. Instead it will go to the government. Another back-door tax.
 

Pei-chen

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LOL, they should have hired Wall Street lawyers. Price fixing to boost profit is punished by prison terms. Conning millions of people out of life savings is punished by free government money.
 
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a million lawyers and peons are going to divy up the cash. A large hunk of it will be "taxed" out and most likely end up in the wallet of a major Californian Senator or someone who pays attention to this sorta thing. They'll either invest it right back into the company under a deal, use it to fund some private venture of their own, or just play golf for the rest of their life once they retire.

Us normal people won't see a cent. LCD prices will probably stay the same or close to it until the market floods over and newer technology [OLCDs] replace it.

If you want free money, go into politics.
 
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Well all the fines goto the USA ONLY all the rest of the world will have to pay for that, the USA should play fair and SHARE! Either that or the rest of the world should pass laws requiring the US pay a share of each fine to them, if they don't maybe any US citizen found could just be locked up for the failure of their government to play fair.

One rule for one, one for another................
 
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Well the good old USA dose it again, all the money going to the USA, why not share as the rest of the world will end up paying. Maybe every country in the world should pass a bill like the sherman, maybe to tackle the USA based SPAM kings, how can the Americans pass a bill to "legalise" spamming of users throughout the world and yet not take action. My bill would go like this;

Hey American ISP, you provide an internet connection to a spammer who directly or indirectly used it to send or cause me to be spammed. Give me $10,000 or you goto prison in (let me think) Afghanistan, and you can make your own way home afterwards.

That one would get my vote, but to be serious the Americans are hypocrites, as long as it's not in their back yard or affecting the price/supply of oil they don't give a toss.

If I where them I'd use the defence that I did it because I don't like them, not to rip them off.
 

akgfs

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Well all the fines goto the USA ONLY all the rest of the world will have to pay for that, the USA should play fair and SHARE! Either that or the rest of the world should pass laws requiring the US pay a share of each fine to them, if they don't maybe any US citizen found could just be locked up for the failure of their government to play fair.

One rule for one, one for another................


There is nothing preventing other countries from conducting their own investigations and imposing their own fines/sentences. And, actually, they can use the US court case(s) as a basis for their trials and have most of the work done for them.
 
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