California gets $5m pound of flesh from Samsung, LG, others in price-fix scandal

The state of California has levied fines against five electronics giants for gouging consumers on the cost of TVs and monitors. Attorney General Kamala Harris said the Golden State would be getting a $4.95m total payout from the coffers of Samsung, Panasonic, LG, Toshiba and Hitachi to settle charges of price-fixing. Harris …

[Buzzword]

Protection racket

Getting an occasional shake-down from the government seems to be a standard cost of doing business in the USA these days.

[John Brown (no body)]

Re: Protection racket

Yeah, I was thinking that. Surely the refunds should be part of the original fines, not a whole separate case to be tried.