The name of Taiwanese display manufacturer AU Optronics is rarely out of the courts when LCD price fixing is involved, and now another of the company's heavyweights has been convicted for the part he played in such crimes. The US Department of Justice announced that Shiu Lung Leung, formerly a senior manager at AUO, has been found guilty for his role in a "conspiracy" which artificially raised the prices of LCD-packing gear in the US. From 2002 through to 2006, Leung is said to have been privy to secret monthly meetings with his company's competitors, where they discussed price fixing (and presumably, sinister cat stroking) in "hotel conference rooms, karaoke bars and tea rooms." Leung joins a couple of other AUO execs and many from different companies who've received similar judgments, and when sentenced, could face up to a dime in the slammer and a hefty fine -- although we doubt any of that cash will be put towards a long-overdue rebate.
Continue reading Former senior manager at AU Optronics found guilty of involvement in LCD price fixing
Filed under: Displays
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Via: The Register
Source: US Department of Justice
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