Feds demand $1B from LCD maker for price-fixing
The U.S. Department of Justice has reined down hard on a Taiwanese LCD screen maker in court, demanding $1 billion in fines and significant jail time for two former executives.
According to the Associated Press, AU Optronics carried out an extensive price-fixing scheme that feds said was the most significant ever prosecuted in the U.S. During a federal trial in March, the jury found both AU Optronics and two of its executives, Hsuan Bin Chen and Hui Hsiung, guilty of price-fixing.
The original complaints for the case alleged that the company worked to create an international “cartel” to…
Read the original: Feds demand $1B from LCD maker for price-fixing
Recent Comments