Liquid Crystal Display Screen Producers Plead Guilty to Price Fixing

Update April 2009: An LG executive has agreed to plead guilty, serve a 1 year prison sentence, and pay a $30,000 fine for his role in the LCD cartel.

Update March 2009: Hitachi has agreed to pay a $31 million fine and cooperate in the investigation.

LG, Sharp, and Chunghwa Picture Tubes all pled guilty to fixing the price of LCD displays between 2001 and 2006.  The fines assessed were $400 million, $120 million, and $65 million respectively.  Private multi-district litigation is on-going in the Northern District of California under the caption TFT-LCD (Flat Panel) Antitrust Litigation.

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