Toshiba fined $87M for LCD price fixing; won't pay a penny

03.07.2012

The civil cases follow a 2007 U.S. Department of Justice criminal probe into price fixing in the LCD industry. Japan's Sharp, South Korea's LG Display and Taiwan's Chunghwa Picture Tubes all pled guilty in the criminal case and agreed to pay hundreds of millions of dollars in fines.

Taiwan's AU Optronics decided to fight the charges and a court ruled earlier this year that it and two senior executives were guilty. They now face a fine of up to $1 billion.

Toshiba was never indicted in the criminal case.

The IDG News Service