Far-eastern firms accused of disc price fix

A US electronics shop has filed a class-action lawsuit against a bunch of far-eastern companies, claiming they banded togther to fix the prices of optical discs.

The retailer from Connecticut, Prisco, claims the likes of Sony Samsung, LG and Sony would meet up at industry gigs and collude to fix the prices of CDs, DVDs and Blu-ray discs and drives.

"When the price of ODD began to dip, the Defendants entered into an illegal agreement to prevent competitors from entering into the market and to keep prices at a supracompetitive level," the complaint filed in the U.S. District Court for the Northern District of California states.

According to the documents, what Prisco calls the co-conspirators, "control over 90 per cent of this multibillion dollar a year market" and have a "long history of engaging in anticompetitive conduct, such as Dyanmic Random Access Memory (DRAM), Thin Film Transistor Liquid Crystal Display (TFT-LCD) and Cathode Ray Tube (CRT)," the retailer claims and now they're ait it again.

Prisco reckons the conspiracy to fix prices began before October 1st, 2005, and is still going on.

Dow Jones reports that The US Department is Justice is investigating similar a similar complaint against a Sony subsidiary, Sony Optiarc Inc. which is also named in the Prisco suit.