Digital Trends
Late last year, executives from LG, Sharp, and Chunghwa plead guilty to conspiring to fix prices for LCD display panels worldwide—and the case resulted in one of the largest fines ever handed down by the U.S. Department of Justice’s antitrust division, as well as executives from LG and Chunghwa getting actual jail time. But the DOJ isn’t done with the case yet: the agency has announced three more indictments of executives at Chunghwa and LG for their roles in the price fixing conspiracy.
The U.S. Department of Justice has announced that four executives from LG Display Co. Ltd. and Chunghwa Picture Tubes Ltd. have agreed to plead guilty to charges they conspired to fix prices for TFT-LCD displays from late 2001 through mid-2006. And, in addition to paying criminal fines and helping the government with its investigation, all four execs will serve jail time. Terms range from six to nine months, with Chunghwa’s former chairman and CEO Chieng-Hon Lin, a Taiwanese and U.S. citizen, drawing the long straw with a nine-month sentence and a $50,000 fine.
Everyone wants to be an insider, and you can be one too! Choose your poison: sign-up for our Newsletter, join us on Facebook, or follow us on Twitter. Do all three and you'll be swimming in the the latest news, reviews, videos and more gadget goodness!
Become a DT soldier! Join us on Facebook and share the best news, guides, videos and other cool information directly with all your friends. Some might even thank you for it!
Join the thousands and follow the best of us on Facebook.
Do you like information in small snippets? Then our Twitter feed is just for you. Follow Digital Trends and you'll be able to catch up daily on our latest content, or even interact directly with our team. Tweet Tweet!
Join the thousands and follow the best of us on Twitter.
That’s Right, Sign-up For Our Monthly Random Prize Drawings and You Could Be That Winner.
