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U.S.: FBI imposes largest U.S. antitrust fine on LCD price-fixers

 |  November 19, 2012

The Federal Bureau of Investigation announced it has charged 22 executives in the LCD manufacturing industry with price-fixing. According to an FBI report, several execs from Asian LCD manufacturing companies met in the days following the September 11 terrorist attacks to swap pricing, production, shipping and other information on LCD products; the meetings spanned from 2001 to 2006. AU Optronics Corporation and two of its execs were fined $500 million, and the executives were each sentenced to three years in prison. AU is the eighth company to be charged since the FBI and DOJ first jointly began the investigations. The $500 million fine is the largest imposed on an enterprise for violating U.S. competition law. Collectively, the eight companies have been fined $1.39 billion.

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