Samsung, LG in legal feud over price fixing

By Kim Yoo-chul

South Korea's Samsung Electronics and LG Display, the world's top manufacturers of flat-screens, are reviewing litigation over their alleged involvement in price manipulation in the U.S. as a step to counter a lawsuit filed by New York Attorney General Andrew Cuomo.

Last week, the South Korean conglomerates were sued for creating a cartel to fix LCD prices with other LCD manufacturers.

The lawsuit, which has been filed in the State Supreme Court in New York County, claimed that senior executives at LCD-making companies in South Korea, Japan and Taiwan deliberately manipulated prices for LCD screens for a decade between 1996 and 2006.