Wednesday, August 27, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Nero 2015 is Coming At IFA
LaCie Ships the 48 TB Thunderbolt 2 Storage Solution
ALCATEL ONETOUCH Launches New Affordable Smartphones
ZOTAC Debuts the ZBOX PI320 pico
Dropbox Now Offers 1TB Pro plan for 10 Dollars
HTC Reveals Entry-level Desire 510 Powered By a 64-bit Processor
Archos To Showcase Windows And Android Devices At IFA
Larger iPad Coming Next Year
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Consumer Electronics > LG, Sha...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 13, 2008
LG, Sharp, Chunghwa Say Guilty in LCD Case


Three leading electronics manufacturers - LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd. - have agreed to plead guilty and pay a total of $585 million in fines for fixing prices of LCDs used in a wide variety of electronics, the U.S. Justice Department said Wednesday.

The charges were filed in U.S. District Court in San Francisco. The companies have agreed to cooperate with the Department's ongoing antitrust investigation.

Companies directly affected by the LCD price-fixing conspiracies are some of the largest computer, television and cellular telephone manufacturers in the world, including Apple, Dell and Motorola, according to the U.S. Justice Department.

LG Display Co. Ltd, and its wholly-owned subsidiary, LG Display America Inc., agreed to plead guilty to participating in a conspiracy from September 2001 to June 2006 to fix the price of TFT-LCD panels sold worldwide. During the conspiracy, LG Display Co. Ltd. was known as LG.Philips LCD Co. Ltd. (a joint venture between LG Electronics and Philips Electronics) and LG Display America Inc. was known as LG.Philips LCD America Inc.

Sharp Corp.,has agreed to pay a $120 million fine for its participation in separate conspiracies to fix the price of TFT-LCD panels sold to Dell Inc. from April 2001 to December 2006 for use in computer monitors and laptops; to Motorola . from fall 2005 to the middle of 2006 for use in Razr mobile phones; and to Apple from September 2005 to December 2006 for use in iPod portable music players.

Chunghwa, a Taiwanese TFT-LCD panel manufacturer, has agreed to pay a $65 million fine for its participation with LG and other unnamed co-conspirators in a conspiracy from September 2001 to December 2006 to fix the price of TFT-LCD panels sold worldwide.

Of the $585 million in fines, LG will pay $400 million, the second highest criminal fine ever imposed by the Department's Antitrust Division.

Sharp posted on its Web site that it "understands the gravity of this situation and will strengthen and thoroughly implement measures to prevent the recurrence of this kind of problem."

It also said that Sharp's chairman and CEO and some directors would return 10 to 30 percent of their compensation for three months starting in December.

The company said it would record the fine, which it estimated at 12 billion yen, as extraordinary expenses for the Oct. 1 to Dec. 31 period.

These pleas are the result of a joint investigation by the Antitrust Division's San Francisco Field Office and the Federal Bureau of Investigation in San Francisco. The plea agreements are subject to court approval.


Previous
Next
Intel's Fourth-Quarter Business Below Expectations        All News        Microsoft Introduces Updated Windows Live Services
Spansion Sues Samsung Over Flash Memory Patents     Consumer Electronics News      WD TV HD Media Player Turns Portable Drives into HD Media Players

Get RSS feed Easy Print E-Mail this Message

Related News
LG G3 Stylus Debuts At IFA
LG Teases With Round G Watch
Sharp Launches 12-Mpixel CMOS Sensor for 4k Video
LG Delivers New Bluetooth Minibeam Projector, More L Series Smartphones
LG's Flowing Sound Audio Wireless Solution Coming At IFA
LG G3 UX To Become Standard In Across LG's Mid- to Entry-level Devices
Sharp Brings Bezel-free Smartphone To The U.S.
LG To Unveil Curved IPS Monitor At IFA 2014
LG G Watch 2 Coming At IFA
LG Begins Shipping LTE Version Of G PAD 8.0
LG Brings In The U.S. An OLED TV That You Might Buy Easier
LG G3 A Released In Korea

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .