The US District Court for the Northern District of California imposes $500 M fine on a Taiwan-based liquid crystal display producer for price fixing (AU Optronics)

On September 20, Judge Susan Illston of the Northern District of California handed down sentences to AU Optronics Corporation and two company executives, following their convictions in March for participating in a global price-fixing conspiracy involving LCD screens used in computers and televisions. Judge Illston sentenced AU Optronics to a fine of $500 million, matching the largest corporate fine ever imposed for a price-fixing violation, but declined to impose the $1 billion fine sought by federal prosecutors. She also imposed three-year prison terms and $200,000 fines on the executives. The trial and sentencing of AU Optronics has established precedent on several issues and will impact the decision making and negotiating positions of both defendants and the Antitrust Division of

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Authors

  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)
  • Skadden, Arps, Slate, Meagher & Flom (Washington DC)

Quotation

Steven C. Sunshine, John M. Nannes, Tara L. Reinhart, The US District Court for the Northern District of California imposes $500 M fine on a Taiwan-based liquid crystal display producer for price fixing (AU Optronics), 20 September 2012, e-Competitions Bulletin September 2012, Art. N° 50250

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