Taiwan panel leader AU Optronics was suspected of manipulating the panel price case, and it was tried in the US a few days ago. The case also reached the final stage of the anti-monopoly investigation. If you lose this criminal lawsuit, AUO may have to pay hundreds of millions of dollars in fines, and its executives may go to jail.
The US Department of Justice accused in 2010 that AU Optronics and other panel makers conspired to manipulate panel prices between 2001 and 2006, and this price manipulation has hurt companies including HP, Apple and Dell.
Samsung Electronics is the first company to reach a settlement with the prosecution, and five other LCD panel companies, including LG Display and Chi Mei Optoelectronics, have also pleaded guilty. These companies have paid a total of more than 860 million US dollars in fines to the relevant US departments.
AU Optronics is the only company that insists on its acquittal and claims that the US Department of Justice’s allegations and the amount of fines are inconsistent with the facts and laws.
AUO said that several company executives, including former CEO Chen Laifu, have paid a huge price for this because they have been restricted by the US since the company was sued in 2010. Taiwan and the United States do not have any extradition agreements. The US Department of Justice believes that Chen Laizhu and several other executives are at risk of absconding.
The US Department of Justice accused in 2010 that AU Optronics and other panel makers conspired to manipulate panel prices between 2001 and 2006, and this price manipulation has hurt companies including HP, Apple and Dell.
Samsung Electronics is the first company to reach a settlement with the prosecution, and five other LCD panel companies, including LG Display and Chi Mei Optoelectronics, have also pleaded guilty. These companies have paid a total of more than 860 million US dollars in fines to the relevant US departments.
AU Optronics is the only company that insists on its acquittal and claims that the US Department of Justice’s allegations and the amount of fines are inconsistent with the facts and laws.
AUO said that several company executives, including former CEO Chen Laifu, have paid a huge price for this because they have been restricted by the US since the company was sued in 2010. Taiwan and the United States do not have any extradition agreements. The US Department of Justice believes that Chen Laizhu and several other executives are at risk of absconding.
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