AUO Blasts DOJ's Bid For $1B Fine In LCD Price-Fixing Case

Law360, New York (September 18, 2012, 6:30 PM EDT) -- AU Optronics Corp. on Monday harshly criticized the government's request for a $1 billion fine over the company's role in a sprawling conspiracy to fix prices for liquid crystal display panels, ripping the prosecution for its "shrill hyperbole."

Responding to a strongly worded sentencing memorandum in which the U.S. Department of Justice said the company and its executives deserve no leniency when they are sentenced this Thursday, AUO said the proposed fine was vastly more than any other company had ever paid for violating the Sherman...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.