LCD monitor makers LG Display, Sharp, and Chunghwa have pleaded guilty to participating in a criminal price-fixing “conspiracy” for working together to artificially inflate the prices of LCD transistors. The companies will pay a fat $585 million for screwing over Apple, Dell, and Motorola.

The naughty LCD manufacturers allegedly held meetings to set price floors in addition to swapping sales numbers of the displays. They also smoked cigars and drank whiskey.

[Cnet] LG, Sharp, Chunghwa admit to LCD price fixing

[CrunchGear] LG, Sharp, and Chunghwa nailed for LCD price-fixing