The Antitrust Division of the U.S. Department of Justice today announced that three companies agreed to plead guilty to fixing prices on liquid crystal display panels. The trio — LG Display Co. Ltd, Sharp Corp., and Chunghwa Picture Tubes Ltd. — also consented to paying $585 million in criminal fines.
The pleas will likely spell trouble for these and other defendants in In re TFT-LCD (Flat Panel) Antitrust Litig., No. 07-cv-1827-SI (N.D. Cal.) U.S. District Judge Susan Ilston partly denied and partly granted motions to dismiss in August.
