Epson To Plead Guilty, Pay $26M In TFT-LCD Case

Law360, New York (August 25, 2009, 4:54 PM ET) -- Epson Imaging Devices Corp. has agreed to plead guilty and pay a $26 million criminal fine for participating in a price-fixing conspiracy in the sale of thin film transistor liquid crystal display panels to Motorola Inc. for the Razr cell phone.

Epson, a subsidiary of Seiko Epson Corp., also agreed to cooperate with the ongoing antitrust probe of TFT-LCD sales as part of its plea agreement, which needs to win court approval, the U.S. Department of Justice said Tuesday.

The information filed by the DOJ in...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required