EU Hits LCD Makers With €649M In Cartel Fines

Law360, New York (December 8, 2010, 11:42 AM EST) -- The European Union's antitrust watchdog announced Wednesday a total of €649 million ($858 million) in fines against Chimei InnoLux Corp., LG Display Co. Ltd. and three other makers of liquid crystal display panels accused of operating a cartel in the market for televisions, computer monitors and other LCD products.

South Korea's LG Display and Taiwanese companies Chimei InnoLux, AU Optronics Corp., Chunghwa Picture Tubes Ltd. and HannStar Display Corp. fixed prices on LCD panels between October 2001 and February 2006, the European Commission said in a...
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