02.04.2009 12:10 PM
Executives Indicted for LCD Price-Fixing

A federal grand jury in San Francisco returned an indictment against two former executives from Chunghwa Picture Tubes and one former executive from LG Display Co. for participating in a global conspiracy to fix prices of liquid crystal display panels. The U.S. Department of Justice announced the indictment Feb. 3.

Cheng Yuan Lin, Tony Cheng, and Duk Mo Koo were charged in U.S. District Court in San Francisco with conspiring over a period of about five years, through 2006. Lin, a resident of Taiwan, was Chunghwa’s chairman and CEO at the time. Cheng, also from Taiwan, was vice president of sales and marketing for the company. Koo, a Korean citizen, was executive vice president and chief sales office for LG.

The worldwide market for LCD panels reached around $70 billion in 2006. LCDs have increasingly taken over the flat-screen TV market, edging out plasmas.

The DOJ said $585 million in criminal fines have been levied against three companies and seven people in the case. Lin, Cheng and Koo were charged with violations of the Sherman antitrust at, which carried a maximum penalty of three years in prison and a $350,000 fine per individual, for incidents occurring before June 22, 2004. The penalty was raised after that date to 10 years in the poky and a $1 million fine. Lin was charged under pre-2004 criteria; the other two, after.

Three other Chunghwa executives pled guilty to similar charges in January. All are looking at less than a year in prison and several thousands in fines.

In December, LG plead guilty and received a fine of $400 million, the largest ever levied by the DOJ antitrust division. Sharp Corp. also pled guilty to price-fixing and got a $120 million fine. Chunghwa entered a likewise plea last month and was fined $65 million.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Manor Marketing /   Tuesday 10:32 AM
Cobham takes on American Ninja Warrior
ignite strategic communications /   Tuesday 07:12 PM
Bexel Expands Inventory with Investment in Fujinon Cabrio Lenses

Featured Articles
Product News
Discover TV Technology