Chi Mei To Pay $220M After Copping To LCD Price-Fixing

By Ryan Davis

Law360, New York (December 10, 2009, 5:29 PM ET) -- Taiwan-based Chi Mei Optoelectronics has pled guilty and agreed to pay $220 million in criminal fines for its role in a conspiracy to fix prices of liquid crystal display panels.

The U.S. Department of Justice, which filed a one-count felony charge against Chi Mei in the U.S. District Court for the Northern District of California on Wednesday, announced the same day that the company had agreed to the plea deal and will cooperate with the investigation.

Chi Mei said in a statement Thursday that it would...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles