On September 21st, a US federal judge ruled that AUO had violated the antitrust law and ruled that AUO paid a fine of 500 million US dollars and sentenced former AUO senior director Chen Xuanbin and Xiong Hui to three years in prison, each with a fine of 20 Ten thousand U.S. dollars.
The fine has tied the highest fines that the US has historically violated antitrust laws against a single company, and the court allowed AUO to pay a fine of $500 million in installments. It is reported that AUO has claimed that the fine should not exceed 285 million US dollars. It has also announced in the court documents that an appeal will be filed.
The US prosecutor accused the case of being the "most significant price manipulation" case in the history of the United States, requiring the judge to severely punish AUO $1 billion, and had a 10-year period with former AUO General Manager Chen Hyun-bin and former Executive Deputy General Manager Xiong Hui. Imprisonment and a fine of $1 million.
San Francisco federal district court judge Susan Illston refused to ask the prosecution to impose a $1 billion fine, saying that the amount was too high because AUO had paid hundreds of millions of dollars to settle a group lawsuit and still Faced with litigation around the world.
Ilston also said that Chen Xuanbin and Xiong Hui should not be sentenced to 10 years in prison at the request of the prosecution because they manipulated the price not for self-interest, but really believed that what they did helped to reduce this due to overproduction and price. Troubled industry.
The Wall Street Journal (WSJ) pointed out that this is one of the most severe penalties in the antitrust case. However, the US Department of Justice still complains that the judges are not fine enough.
The US federal prosecutor told the jury during the eight-week trial period that AUO executives held a meeting with other panel makers from 2001 to 2006 to open so-called "crystal conferences" in hotel rooms, karaoke and tea rooms across Taiwan. The oversupply caused the panel to fall below 40% to control prices.
Taiwan's AUO and Chi Mei Electronics, South Korea's LG Display Company, Japan's Sharp Corporation and other Asian panel factories were all accused by the US Department of Justice of alleged monopoly panel prices. Other panel makers pleaded guilty early, paid a total fine of more than 890 million US dollars, did not enter the legal process, only AUO insisted that there is no monopoly problem, becoming the only vendor facing the judgment.
The fine has tied the highest fines that the US has historically violated antitrust laws against a single company, and the court allowed AUO to pay a fine of $500 million in installments. It is reported that AUO has claimed that the fine should not exceed 285 million US dollars. It has also announced in the court documents that an appeal will be filed.
The US prosecutor accused the case of being the "most significant price manipulation" case in the history of the United States, requiring the judge to severely punish AUO $1 billion, and had a 10-year period with former AUO General Manager Chen Hyun-bin and former Executive Deputy General Manager Xiong Hui. Imprisonment and a fine of $1 million.
San Francisco federal district court judge Susan Illston refused to ask the prosecution to impose a $1 billion fine, saying that the amount was too high because AUO had paid hundreds of millions of dollars to settle a group lawsuit and still Faced with litigation around the world.
Ilston also said that Chen Xuanbin and Xiong Hui should not be sentenced to 10 years in prison at the request of the prosecution because they manipulated the price not for self-interest, but really believed that what they did helped to reduce this due to overproduction and price. Troubled industry.
The Wall Street Journal (WSJ) pointed out that this is one of the most severe penalties in the antitrust case. However, the US Department of Justice still complains that the judges are not fine enough.
The US federal prosecutor told the jury during the eight-week trial period that AUO executives held a meeting with other panel makers from 2001 to 2006 to open so-called "crystal conferences" in hotel rooms, karaoke and tea rooms across Taiwan. The oversupply caused the panel to fall below 40% to control prices.
Taiwan's AUO and Chi Mei Electronics, South Korea's LG Display Company, Japan's Sharp Corporation and other Asian panel factories were all accused by the US Department of Justice of alleged monopoly panel prices. Other panel makers pleaded guilty early, paid a total fine of more than 890 million US dollars, did not enter the legal process, only AUO insisted that there is no monopoly problem, becoming the only vendor facing the judgment.
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