I reported along with about every other news source that the south Korean giant Samsung was spinning off its display away from the Electronics corp to a separate company called Samsung Display.
What most people did not report and came out a day later is that this was during class action litigation against the company that it lost at the same time that is expected to cost hundreds of millions.
They produced roughly 120,000,000 during the 3 1/2 years they claim only 1% are defective but real estimates are much higher. A judgment has been settled and users can expect to receive a new TV and if they don't have the old TV due to it being broken ( thanks Samsung for hiding this from your customers) they will receive a $300 dollar credit.
This seem like really convenient timing to drop a slightly less profitable business and get off the hook from 300,000,000 plus in fees to be paid out to consumers not to mention the millions they spent on defense.
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