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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 foolsgambit11 on 1/20/2009 7:16:25 PM , Rating: 2
I would agree that it looks like collusion may be at work among the cable companies with coverage areas. But it need not be collusion. When there's already a cable provider in a region, it doesn't make much sense to another cable provider to invest in all of the infrastructure needed to compete with the first company. It's just good business sense not to enter saturated markets.

If the government mandated some kind of common carrier licensing system, so that the cable cables were available to competing providers, then you could blame the cable companies. But for now, you'd have to blame the government's policies, which were put in place to protect cable companies' heavy capital investments.


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