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Executives involved in the case get fines and prison terms of up to nine months

The LCD industry was rocked by a scandal in late 2008 when executives from some of the largest panel makers in the world pled guilty to conspiring to fix prices. The price fixing led to inflated costs for displays used by firms like Dell in its notebook computers.

In November of 2008, executives from Sharp, LG, and Chunghwa Picture Tubes all pled guilty to price fixing. The largest fine imposed was placed on LG and totaled $400 million with Sharp said to be paying $85 million in fines.

Today reports are coming in that in addition to the fines levied against the corporations; the executives that participated in the scheme are being individually fined and sentenced to prison time here in America.

DigitalTrends reports that the former Chairman and CEO of Chunghwa, Chieng-Hon Lin was hit with an individual fine of $50,000 and a sentence of 9-months in an American prison. The other executives involved in the scandal received prison terms ranging from six to nine months each.

Deborah A. Garza, Acting Assistant Attorney General for Antitrust, said in a statement, "These cases involve the first Taiwanese nationals to face imprisonment in the United States for an antitrust offense. The Department of Justice is committed to holding accountable all conspirators who harm American consumers, no matter where they live or where they commit the crime."



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RE: Regional cable monopolies
By Solandri on 1/20/2009 3:53:25 PM , Rating: 5
I don't have a problem with that. But I remember in Boston the issue went to court because Continental Cablevision (now Time Warner I believe) contracted to provide service to something like 95% of Boston in exchange for a monopoly. The 5% was supposed to account for locations which were too difficult to wire up, or which lacked sufficient infrastructure to add cable (e.g. old apartment buildings with no easy way to add cable to each unit).

The city expected that 5% to be scattered throughout. Instead, Continental "saved up" the 5% and used almost all of it on the entire Chinatown district. The area is primarily lower income, and most of the customers there would've gotten just the basic packages, not the bread and butter pay channels. So they got their monopoly, and they didn't cover one of the city's districts, and they blocked the city from hiring anyone else to give the area coverage.


RE: Regional cable monopolies
By 16nm on 1/20/09, Rating: 0
"I'd be pissed too, but you didn't have to go all Minority Report on his ass!" -- Jon Stewart on police raiding Gizmodo editor Jason Chen's home











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