Makers of liquid crystal display panels used in computers, notebooks and televisions have faced criminal and civil cases alleging a global conspiracy to fix product prices. A U.S. Justice Department criminal investigation of LCD price fixing, which led to guilty pleas by LG Display Co., Chunghwa, and Sharp Corp. The companies agreed in 2008 and 2009 to pay $585 million in criminal fines. Taoyuan, Taiwan-based Chungwha’s fine was $65 million.
The case led to civil lawsuits by panel purchasers. At least seven Japanese, Taiwanese and South Korean panel makers settled buyers’ civil claims late last year. Sharp and Samsung Electronics Co. were among those who agreed to pay $927 million in settlements reached in December.