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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: LG, Sharp, Chunghwa to plead guilty to price-fixing AFP - Thursday, November 13 WASHINGTON (AFP) - - LG Display Co. Ltd., Sharp Corp. and Chunghwa Picture Tubes Ltd., three leading Asian electronics manufacturers, have agreed to plead guilty to price-fixing and pay a total of 585 million dollars in fines, the US Department of Justice announced Wednesday. South Korea's LG Display will pay the largest fine, 400 million dollars, the second-highest criminal fine ever imposed by the Justice Department's Antitrust Division, the department said in a statement. It said Japan's Sharp would pay a fine of 120 million dollars while Chunghwa would pay a fine of 65 million dollars. The Justice Department said the three companies had agreed to plead guilty for their roles in conspiracies to fix prices of liquid crystal display (LCD) panels used in computer monitors and notebooks, televisions, mobile phones and other electronic devices. The price-fixing conspiracies had a direct impact on computer, television and cellular telephone manufacturers such as Apple, Dell and Motorola, the department noted. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Failure of auto industry could set off catastropheAP - 1 hour 31 minutes ago RPT-Woodside reports problems at Australian LNG unitReuters - 1 hour 34 minutes ago Lend Lease backs outlook but asset sales toughReuters - 1 hour 35 minutes ago Pentagon OKs $50M funding for 4 more Lockheed jetsAP - 1 hour 36 minutes ago Merrill, BofA merger wins support of top proxy firmReuters - 1 hour 38 minutes ago Enlarge Photo LG, Sharp, Chunghwa to plead guilty to price-fixing Most Popular – Business Viewed Ancient 4,300-year-old pyramid discovered in Egypt Your favorite music = happy heart: study Britney Spears's son hospitalized: statement Economic gloom mounts ahead of finance crisis summit Oil price dives under 55 dollars per barrel in London View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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