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
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI