Case Details

Year Initiated/Committed

2012

Year Resolved

2018

Settlement Amount

$29,000,000

Court

Superior Court of King County, Washington

Docket Number

12-2-15942-8

Lead State

WA

Participating States

WA

Defendant(s)

Samsung SDI col, Ltd; Samsung SDI America, Inc.; Samsung SDI Mexico s.a. de D.V.; Samsung SDI Brasil Ltda.; Shenzhen Samsung SDI Co., Ltd.; Tianjin Samsung SDI Co. Ltd.; Samsung SDI (Malaysia) Sdn. Bhd.

Case Description

The state alleged that Samsung participated in an unlawful conspiracy with other CRT manufacturers(including LG, Panasonic, Hitachi, Chungwha, Toshiba and Philips, to raise, fix, maintain, or stabilize the price of Cathode Ray Tubes at artificially high levels and to maintain the quantities of CRTs at artificially low levels, in violation of Washington’s consumer protection and antitrust statutes. The state alleged this conspiracy continued from 1995 to 2007.The lawsuit alleges Samsung representatives attended secret meetings with other companies, known internally as “glass meetings,†in which they agreed to fix prices of CRTs. For example, the companies agreed to artificially restrict supply to keep prices high and share information with competitors regarding capacity, production, prices and customer demands for CRTs.According to the lawsuit, conspirators split the glass meetings into three tiers: “top meetings†for high-level company executives, “management meetings†for mid-level managers, and “working-level meetings†for lower-level sales and marketing employees. Samsung attended meetings at all three levels. The lawsuit alleges the companies’ scheme allowed them to keep CRT prices high, even as liquid crystal display, or LCD, screens were introduced to the market. Samsung no longer produces CRTs. Philips agreed to pay $7 million to recompense Washington consumers.