Executive Gets Fine, Prison Term for Role in LCD Price-Fixing
The Department of Justice announced April 29 that an executive of a Taiwan-based liquid crystal display producer has been sentenced to pay a $50,000 criminal fine and serve 24 months in prison for his participation in a worldwide thin-film transistor-liquid crystal display price-fixing conspiracy. LCD panels affected by the conspiracy were a major component in flat-panel computer monitors, notebook computers and flat-screen televisions sold in the U.S.
Eight companies have been convicted of charges arising out of the DOJ’s ongoing investigation into this conspiracy and have been sentenced to pay criminal fines totaling $1.39 billion. In addition, 22 executives have been charged and 13 have been convicted, with prison terms ranging from six to 36 months.