Hitachi To Pay $31M For TFT-LCD Price-Fixing Plot

Law360, New York (March 10, 2009, 12:00 AM EDT) -- Hitachi Displays Ltd. has agreed to plead guilty to charges of conspiring to fix prices on thin film transistor liquid crystal display panels it sold to Dell Inc. and pay a $31 million fine, the U.S. Department of Justice announced Tuesday.

Prosecutors filed a one-count felony charge in the U.S. District Court for the Northern District of California on Tuesday, charging the subsidiary of Hitachi Ltd. with scheming to fix the prices on displays sold to Dell from April 1, 2001, to March 31, 2004. Hitachi...
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