Phone Scoop

printed March 27, 2015
See this page online at:

Home  ›  News  ›

AU Optronics Facing $1B Fine in LCD Price Fixing Verdict

Article Comments  

Mar 14, 2012, 8:01 AM   by Eric M. Zeman   @phonescooper

A U.S. court found AU Optronics guilty of colluding with other LCD panel makers to fix the price of LCD panels. The price fixing scheme operated between 1999 and 2006. The companies met more than 60 times, often at luxury hotels, and U.S. prosecutors claim the scheme cost U.S. consumers and businesses billions of dollars. Other LCD panel makers, including Samsung and LG Display, pleaded guilty and paid fines to the U.S. years ago. AU Optronics was the only company that maintained its innocence. It plans to appeal the decision. The U.S. said that it faces a minimum fine of approximately $500 million and a maximum fine of $1 billion.

more info at Reuters »



Forum Options

This forum is closed.

Subject Author Date
No messages.
Page  1  of 1

This forum is closed.

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Phone Scoop on Google+ Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2015 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.