U.S. Seeks $1 Billion Price-Fixing Fine for AU Optronics

The Taiwanese company has been convicted of colluding to fix prices for LCD panels.


You Can't Detect What You Can't See: Illuminating the Entire Kill Chain

Wall Street Journal: The U.S. Justice Department is requesting that the courts impose a $1 billion fine on Taiwan-based AU Optronics, as well as 10-year prison sentences and additional $1 million fines on two company executives. In March, AU Optronics was convicted of participating in a price fixing scheme related to LCD panels. "These defendants were central figures in the most serious price-fixing cartel ever prosecuted by the United States," the Justice Department said. "Only these sentences could possibly reflect the seriousness of this offense or provide adequate deterrence."

Apple, Dell, HP and many other manufacturers were all affected by the price fixing, and the Justice Department noted that the scheme ultimately "affected every family, school, business, charity and government agency that paid more to purchase notebook computers, computer monitors, and LCD televisions during the conspiracy."

LG Display, Sharp and five other companies were convicted on related charges and have agreed to pay more than $890 million in fines. AU Optronics will be sentenced Sept. 20.

Tags: lawsuit, Justice Department, LCD, price fixing

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.