Three LCD manufacturers plead guilty in US to price-fixing and pay fines | Practical Law
On 12 November 2008, the US Department of Justice (DOJ) announced that three leading electronics manufacturers have agreed to plead guilty and pay a total of US$585 million in criminal fines for conspiring to fix prices in the sale of liquid crystal display panels. The firms include LG Display Co. Ltd. (LG), Sharp Corp. (Sharp), and Chunghwa Picture Tubes Ltd. (Chunghwa). Of the US$585 million in total criminal fines, LG will pay US$400 million, which is the second-highest criminal fine ever imposed by the DOJ's Antitrust Division. The DOJ filed its charges and the proposed settlement in the US District Court for the Northern District of California. In addition, the three companies have agreed to co-operate with the DOJ's ongoing investigation in the industry.