LG, Investors Settle LCD Price-Fixing Suit For $18M

Law360, New York (March 17, 2011, 9:29 PM EDT) -- A New York federal judge gave his final approval Thursday to LG Display Co Ltd.'s $18 million settlement with investors who brought a securities class action over alleged price-fixing on liquid crystal display panels.

Judge Richard Sullivan of the U.S. District Court for the Southern District of New York issued an order dismissing the case and releasing South Korea-based LG and its employees from similar claims by other would-be plaintiffs.

Investors sued LG in 2007 after the U.S. Department of Justice and South Korean authorities began...
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