![]() Finally, the settlements include requirements, enforceable by the court via fines and imprisonment, to prevent future violations of antitrust law. ![]() In addition, the settlements include injunctive relief, which requires that each company engage in company-wide antitrust compliance training and reporting that involves products in addition to CRTs and extends to foreign companies and subsidiaries. The settlements require that the companies pay back the illegally obtained profits to those affected by their actions. The settlements, which were filed in San Francisco Superior Court, require all five companies to pay a total of $4.95 million to settle claims of overcharges paid by California government entities, general damages suffered by the State’s economy, and civil penalties. “These settlements bring justice and relief to California consumers and end the malicious practice of price-fixing by these companies.” market to raise prices for televisions and computers worldwide,” said Attorney General Harris. “LG, Hitachi, Panasonic, Toshiba, and Samsung deliberately targeted the U.S. ![]() The announced settlement has led to legally enforceable judgments against these foreign companies. The companies’ price fixing scheme caused damage to California consumers and government entities that overpaid for their televisions and computers. The court has approved the settlement pending valid objections submitted within 60 days. Those critical components, known as Cathode Ray Tubes or CRTs, were used to display images on computer monitors and televisions screens before they were replaced by flat screens. Harris today announced a preliminary approval of settlements resolving allegations that LG, Hitachi, Panasonic, Toshiba, and Samsung, companies all based in Japan or Korea, fixed prices on critical components of televisions and computer monitors from 1995 to 2007. SAN FRANCISCO - Attorney General Kamala D.
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