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

Law360, New York (August 25, 2009, 4:54 PM EDT) -- 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...
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