Home  ›  News  ›

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

Article Comments  

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

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.

Reuters »


more news about:



This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.