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.
Tag Archive: Chunghwa
Execs Get Jail time for LCD Price Fixing
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.


