Samsung, Hitachi, Sharp, Chimei Innolux, Chunghwa Picture Tubes, Epson Imaging Devices and HannStar Display, as well as some of their affiliates, will pay $538 million to settle allegations brought by eight state attorneys general that they conspired over eight years to fix prices on LCDs used in everything from computer monitors and notebooks to televisions and mobile phones.

Of that sum, about $501 million will be used to subsidize a refund program for consumers. The remainder will be distributed to the state governments of Arkansas, California, Florida, Michigan, Missouri, New York, West Virginia and Wisconsin to settle their penalty claims. The settling companies have also agreed to participate in antitrust compliance programs.

(Image courtesy of Flickr user Frank Gruber)

It’s not clear which aspect of Total Music has piqued the Justice Department’s interest, though it’s likely concerned that participating labels might collude to set wholesale music prices. And for good reason–the major labels were found guilty of wholesale CD price fixing back in 2000.