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21st September 2012, 08:12 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,055
| Taiwan Company Fined $500M for LCD Price Fixing A $500 million fine and three years in jail for LCD price fixing seems about right. I just want to know who gets all that money? A Taiwanese company was fined $500 million Thursday and its former president and executive vice president were each sentenced to three years in prison for their leading roles in a global LCD screen price-fixing conspiracy. The U.S. Department of Justice complained the punishments were not enough. Federal prosecutors demanded a $1 billion fine and a 10-year prison sentence for the executives. http://www.hardocp.com/news/2012/09/..._price_fixing/ |
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