$220 Million Fine For Participating in LCD Price-Fixing Conspiracy

The U.S. Department of Justice announced that a LCD producer and seller has agreed to plead guilty and pay $220 million in criminal fines for its role in a conspiracy to fix prices in the sale of LCD panels.

According to a one-count felony charge filed in U.S. District Court in San Francisco, Chi Mei Optoelectronics participated in a conspiracy to fix the prices of LCD panels sold worldwide from Sept. 14, 2001, to Dec. 1, 2006.



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Originally appeared on HDTV.biz-news.com :: Latest HDTV Business News on 14/12/2009