2012年9月24日星期一

AU Optronics: U.S. federal court a fine of 500 million U.S. dollars two competent jailed for 3 years


September 21, a U.S. federal judge on Taiwan's AU Optronics Corp., a judgment in the case in violation of antitrust law, ruled that AUO pay a fine of 500 million U.S. dollars, and sentenced Hyun Bin Chen, senior director of AUO and Xiong Hui to three years in prison and fined 20million.
The amount of fines has been tied to the United States has always been implemented on a single company in violation of antitrust law cases the maximum fine record, the court allow AUO installments paid a fine of $ 500 million. AUO who had advocated the fine shall not exceed $ 85 million U.S. dollars, has said it will appeal in the court file.

U.S. prosecutors charged that the case is "the most significant price-fixing cases in the history of the United States, asking the judge to heavy penalties AUO $ 1,000,000,000, to impose a 10-year term, and the Hyun Bin Chen, former general manager of AUO and former Executive Vice President Hui Xiong in prison and $ 1 million fine.

San Francisco Federal District Court Judge Boylston (SusanIllston) refused sentenced to a fine of one billion U.S. dollars according to the prosecution, said that this amount is too high, because AUO has reached a settlement to pay hundreds of millions of dollars from groups lawsuits, and is still around the world to face litigation.
Boylston, Hyun Bin Chen and Hui Xiong should not be sentenced to 10 years in prison, according to prosecutors requirements because of their price-fixing is not seriously believe that they are doing to help To Mou self-interest, but due to overproduction and price tumbled troubled industries.

"Wall Street Journal" (WSJ) pointed out that this is one of the most severe penalty in the traditionally anti-trust case. However, the U.S. Department of Justice still complain about the weight penalty was not enough judges.

U.S. federal prosecutors told the jury during the eight-week trial, AUO executives 2001-2006 top secret meeting and the other panel makers in Taiwan over the hotel room, Kara OK and tearoom open the so-called "Crystal Conference in excess supply led to the panel decline in value of 40% of control prices.

Taiwan's AUO and CMO, South Korea's LG Display Corporation, Japan's Sharp Corp. and other Asian panel makers have been the U.S. Department of Justice allegations of monopoly panel prices. The other panel makers early guilty plea, to pay fines totaling more than 890 million U.S. dollars, and not into the proceedings, AUO insisted that no monopoly problem, to be the only one facing judgment vendors.

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