FTC assisting class action against Samsung, LG
Jan 24, 2012
The nation’s antitrust watchdog said Tuesday it will support a consumer class action lawsuit for the first time against Samsung Electronics and LG Electronics, which rigged prices for domestic appliances.The Fair Trade Commission slapped the two companies with fines of 44.6 billion won ($39.6 million) for colluding to fix prices of washing machines, flat screen televisions and laptop computers.“We will provide financial aid for a class action suit led by the Green Consumer Network in Korea as it