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P.C. Richards charges price-fixing in flat screen lawsuit

P.C. Richard & Son's says that as of

P.C. Richard & Son's says that as of Oct. 25, 2014, 30 of its 66 appliance stores had full-scale mattress displays. A full-scale display is expected in an Long Island store next year. This is a P.C. Richard store in Elwood on Oct. 15, 2010. Photo Credit: John Dunn

P.C. Richard & Son has filed a federal price-fixing lawsuit against more than a dozen large manufacturers of LCD-equipped digital displays, naming Toshiba and Sharp among the defendants, Bloomberg News reports.

P.C. Richard claims the liquid-crystal display makers conspired to fix prices as far back as 1996, and "met in person or communicated by other means to agree on LCD product prices and the amount of LCD products each would produce,” according to the complaint filed last week in federal court in Brooklyn, Bloomberg reported. Toshiba and Sharp declined to comment, the news service said.

Photo: Television sets in a P.C. Richards store in Elwood. (Oct. 15, 2010)

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