- 2001: Days after 9/11, conspirators representing major Asian electronics manufacturers meet in Taiwan and agree to fix LCD prices in the U.S. and elsewhere. At monthly "Crystal Meetings" they exchange production, shipping, supply and demand information, and fix prices.
- Mid-2005: Aware that customers suspect price-fixing, lower-level employees replace top-level employees at the meetings which are moved from hotel rooms to public restaurants.
- 2006: Learning about a U.S. price-fixing investigation into the dynamic random access memory (DRAM) industry, conspirators switch to meeting one-on-one.
- Mid-2006: The U.S. Department of Justice (DOJ)'s Antitrust Division requests FBI assistance in investigating LCD price-fixing.
- December 2006: U.S., Japan, Korea, and the European Union announce an investigation into anti-competitive activity among LCD panel manufacturers.
- 2006: DOJ accepts Samsung into its leniency program in exchange for concrete evidence of LCD price-fixing.
- November 2008: LG Display Co. Ltd. and LG Display America, Inc.; Chunghwa Picture Tubes; Hitachi Displays; Epson Imaging Devices Corporation; and Chi Mei Optoelectronics plead guilty to criminal charges of fixing prices of TFT-LCD panels sold in the U.S., agreeing to pay $58 million in criminal fines.
- 2009: The request is made to certify cases against TFT-LCD manufacturers, brought on behalf of individuals and businesses that purchased TFT-LCDs directly and indirectly, as a class action suit.
- June 2010: A federal grand jury returns an indictment against AU Optronics (AUO), its Houston-based U.S. subsidiary, and five current and former executives for violating the Sherman Act, levying a $500 million criminal fine. Former AUO President Hsuan Bin Chen and Executive Vice President Hui Hsiung are sentenced to three years in prison and a $200,000 criminal fine. AUO is ordered to implement an internal compliance program, hire an independent compliance monitor, and take out ads in U.S. and Taiwanese newspapers publicizing the criminal sanctions taken against it.
- July 3, 2012: A California jury returns a verdict against Toshiba. AUO, LG Display Co., and Toshiba Corp. agree to pay $571 million to resolve price-fixing allegations including $27.5 million in civil penalties to eight states. Toshiba denies any wrongdoing. Money from the settlement will be available to consumers in 24 states.
Post-Settlement Financing Available For TFT-LCD Antitrust Litigation Attorneys From RD Legal Funding
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