Taiwan company, execs guilty of fixing LCD prices

Mar 13, 2012 By PAUL ELIAS , Associated Press

(AP) -- A Taiwan company and two of its top executives have been found guilty of working with competitors to inflate prices of liquid screen display screens used in computer monitors and televisions.

Federal jurors in San Francisco on Tuesday convicted the AU Optronics Corp., its U.S. subsidiary and executives Hsuan Bin Chen and Hui Hsiung (shuhng). They were found guilty of violating anti-trust laws.

Jurors couldn't reach a unanimous decision for Steven Leung, resulting in a mistrial. Two other executives were acquitted.

Six other Asian makers have pleaded guilty to charges related to the price-fixing and have been ordered to pay fines totaling more than $860 million. AU Optronics was the only one to fight the charges at trial.

That company's lawyer says it plans to appeal.

Explore further: As dust clears, what's next for Sony?

1 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Head of Taiwan LCD maker barred from leaving US

Aug 23, 2010

(AP) -- The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe into alleged price-fixing, the company said.

Samsung unit fined $32 mn for price-fixing

Mar 18, 2011

A unit of Korean conglomerate Samsung was fined $32 million dollars for involvement in an Asian price fixing ring for a key computer monitor component, the US Justice Department said Friday.

Recommended for you

As dust clears, what's next for Sony?

2 hours ago

The Sony hacking attack continues to deliver more dramatic plotlines than any fictional movie, but meanwhile the movie studio must move forward and tackle the next steps in minimizing the mess. Will Sony ...

It's down to the wire for online shopping

5 hours ago

As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders ...

China's Xiaomi raises more than $1 bn in funding

Dec 21, 2014

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

Vendicar_Decarian
1 / 5 (1) Mar 13, 2012
The Free market solution to price fixing is to legalize it.

Laws, after all, create criminals.

When there are no laws there are no criminals.
Estevan57
1.9 / 5 (9) Mar 14, 2012
Vendicar, that was just foolish.

The article could have mentioned the effect this ruling would have on the industry or consumers. Pretty thin.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.