Taiwan company, execs guilty of fixing LCD prices

March 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: Taiwan's AU Optronics in ventures with China's Haier, TCL


Related Stories

Head of Taiwan LCD maker barred from leaving US

August 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

March 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

US ends bulk collection of phone data

November 30, 2015

The US government has halted its controversial program to collect vast troves of information from Americans' phone calls, a move prompted by the revelations of former intelligence analyst Edward Snowden.

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...


Adjust slider to filter visible comments by rank

Display comments: newest first

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.
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.