Japan Fines Sharp $3M In LCD Price-Fixing Scheme

Law360, New York (December 18, 2008, 12:00 AM EST) -- Japan's Federal Trade Commission has fined Sharp Corp. 251 million yen ($2.9 million) for an alleged price-fixing scheme related to the sale of liquid crystal display modules used in Nintendo Co. video game consoles.

In a cease and desist order released Thursday, the regulator said Sharp and a unit of Hitachi Ltd., Hitachi Displays Ltd., violated Japan's Antimonopoly Act by exchanging information and agreeing about the price of thin film transistor-LCD modules to be sold to Nintendo for its DS Lite hand-held game consoles during the...
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