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US: Sentence chosen for LCD price-fixing exec

 |  April 30, 2013

An AU Optronics Corp. executive has been sentenced to 24 months in prison and ordered to pay a $50,000 fine for conspiring in an international price-fixing scheme that increased prices of LCD screens. Shiu Lung Leung of AU Optronics, based in Taiwan, was sentenced by the US Department of Justice, according to a Federal Bureau of Investigation press release. The company, along with its US-based subsidiary, was found guilty of price-fixing charges in March of last year; additional executives have also been charged, though at that trial a mistrial was declared against Leung. A retrial began in November of last year, finding Leung guilty of the conspiracy charges. The news is part of a larger saga in which eight LCD makers have been charged a total of $1.39 billion by federal officials for their roles in the collusion; 22 executives have also been charged.

Full Content: FBI

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