Panel-Maker AUOptronics Convicted of Price-Fixing, Could Face Up To $1B in Fines

Stefan Mileschin · 15th March 2012, 07:28

One of the biggest suppliers of LCD panels to notebook and PC monitor manufacturers, AUOptronics, has been convicted by a US court on Tuesday, of price-fixing, a serious anti-competitive practice that cripples innovation and is bad for consumers and progress of the industry. The company faces fines as high as US $1 billion, which could amount to a big blow to the company that already finds itself facing losses.

AUOptronics' conviction follows the December 2011 mega-settlement of LCD makers including Samsung, Sharp, Hitachi, HannStar, and Chimei Innolux. At the time, AUOptronics and LG Electronics were the only fence-sitters. LG Electronics agreed to pay a US $400 million fine, in 2008. AUOptronics' current position is that it finds the evidence presented against it, which led to the conviction as being "distorted and incomplete," and that it will appeal against the verdict. The quantum of fine levied against AUOptronics will surface in the months ahead.

http://www.techpowerup.com/162377/Panel-Maker-AUOptronics-Convicted-of-Price-Fixing-Could-Face-Up-To-$1B-in-Fines.html

15th March 2012, 07:28	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,597	Panel-Maker AUOptronics Convicted of Price-Fixing, Could Face Up To $1B in Fines One of the biggest suppliers of LCD panels to notebook and PC monitor manufacturers, AUOptronics, has been convicted by a US court on Tuesday, of price-fixing, a serious anti-competitive practice that cripples innovation and is bad for consumers and progress of the industry. The company faces fines as high as US $1 billion, which could amount to a big blow to the company that already finds itself facing losses. AUOptronics' conviction follows the December 2011 mega-settlement of LCD makers including Samsung, Sharp, Hitachi, HannStar, and Chimei Innolux. At the time, AUOptronics and LG Electronics were the only fence-sitters. LG Electronics agreed to pay a US $400 million fine, in 2008. AUOptronics' current position is that it finds the evidence presented against it, which led to the conviction as being "distorted and incomplete," and that it will appeal against the verdict. The quantum of fine levied against AUOptronics will surface in the months ahead. http://www.techpowerup.com/162377/Panel-Maker-AUOptronics-Convicted-of-Price-Fixing-Could-Face-Up-To-$1B-in-Fines.html

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