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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UFC Reaches $375 Million Settlement in Antitrust Case
Feb 6, 2025 by
CPI
Brazilian Architecture Council Convicted of Antitrust Violations
Feb 6, 2025 by
CPI
Bipartisan Bill Seeks to Ban Chinese AI Software from US Government Devices
Feb 6, 2025 by
CPI
Senators Call for Investigation into RealPage Algorithm’s Impact on Military Housing Costs
Feb 6, 2025 by
CPI
ECB Seeks Faster Digital Euro Legislation Amid US Stablecoin Push
Feb 6, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon