Tuesday, September 02, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple's iCloud Could Have Allowed Celebrity Nude-Photo Leak
Google To Launch New Budget Phone In India
Asus ZenWatch To Have Voice Control Features
Miraisens Showcases Touchable 3D Tech
Nintendo's Figurines Coming Later This Year
ASUS and G.Skill Take Overclocking Records
Korean Researchers Advance Synthesis Process for Graphene Quantum Dots
LG Display Opens LCD Panel Plant in China
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 > General Computing > AU Optr...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 20, 2012
AU Optronics Fines With $500 Million For Price Fixing


Taiwan-based AU Optronics was sentenced today in U.S. District Court in San Francisco to pay a $500 million criminal fine for its participation in a five-year conspiracy to fix the prices of thin-film transistor LCD panels sold worldwide, the Department of Justice announced.

Its American subsidiary and two former top executives were also sentenced today. The two executives were sentenced to serve prison time and to pay criminal fines for their roles in the conspiracy. The $500 million fine matches the largest fine imposed against a company for violating the U.S. antitrust laws.

Today's sentencing took place before Judge Susan Illston. Along with the criminal fine, AU Optronics was also sentenced to print advertisements in three major trade publications in the United States and Taiwan acknowledging its convictions and punishments and the remedial steps it has taken as a result of its conviction. The company and its American subsidiary, AU Optronics Corporation America, were also placed on probation for five years, required to adopt an antitrust compliance program and to appoint an independent corporate compliance monitor.

Former AU Optronics president Hsuan Bin Chen was sentenced to serve three years in prison and to pay a $200,000 criminal fine. Former AU Optronics executive vice president Hui Hsiung was also sentenced to serve three years in prison and to pay a $200,000 criminal fine.

The companies and former executives were found guilty on March 13, 2012, following an eight-week trial. The indictment charged that AU Optronics participated in the worldwide price-fixing conspiracy from Sept. 14, 2001, to Dec. 1, 2006, and that its subsidiary joined the conspiracy as early as spring 2003. The jury found that the convicted companies and former executives fixed the prices of LCD panels sold into the United States.

Including today's sentences, eight companies have been convicted of charges arising out of the department's investigation and have been sentenced to pay criminal fines totaling $1.39 billion.

Today's charges are the result of a joint investigation by the Department of Justice Antitrust Division's San Francisco Field Office and the FBI in San Francisco.


Previous
Next
AMD Catalyst 12.8 CAP3 Available        All News        Updated Rasperri Pi Runs at 1GHz
Intel To Invest in Sharp: report     General Computing News      Microsoft Releases Fix Internet Explorer Flaw

Get RSS feed Easy Print E-Mail this Message

Related News
AUO Reveals 65-inch 4K IGZO TV Panel Technology
Taiwan LCD Makers To Accelerate Shipments Of 4Kx2K Panels
Sony, AU Optronics To Reportedly Join Forces in OLED TVs
AU Optronics Found Guilty of Fixing LCD Prices
AUO and Idemitsu Form Alliance For OLED
Samsung Sues AU Optronics, Acer And Sanyo
AUO To Showcase Naked Eye 3-D Panel, 3D technologies at FPD International 2010
AU Optronics Indicted For LCD Price-Fixing
AU Optronics Prevails in Patent Dispute With LG Display
AU Optronics Purchases FED-related Assets and Technology From Failed Sony Venture
AUO Ultra Slim 42" LCD TV less than 10mm thick
AU Optronics Announced 16:9 Full HD 24-inch TFT-LCD For Desktop

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 .