UPDATE:US DOJ:Hitachi Unit To Plead Guilty To LCD Price Fixing
10 Marzo 2009 - 12:26PM
Noticias Dow Jones
A unit of Japanese electronics manufacturer Hitachi Ltd. has
agreed to plead guilty and pay a $31 million fine for participating
in a conspiracy to fix prices on liquid-crystal displays sold to
Dell Inc. (DELL) for use in desktop monitors and notebook
computers, the U.S. Justice Department said Tuesday.
In papers filed in a San Francisco federal court, prosecutors
said Hitachi Displays Ltd. participated in the LCD price-fixing
conspiracy from 2001 to 2004 and collaborated with other LCD makers
about the prices that each company should charge Dell.
Neither Hitachi nor Dell immediately responded to requests for
comment.
Hitachi joins three other electronics companies who pleaded
guilty last fall to participating in LCD price-fixing.
LG Display Co. (LPL), Sharp Corp. (SHCAY) and Chunghwa Picture
Tubes Ltd. pleaded guilty in November and agreed to pay $585
million in criminal fines for illegally fixing prices on LCDs used
in flat-screen televisions, cell phones and other devices.
Three Chunghwa executives and an LG executive have been
sentenced to prison for their roles in the conspiracy.
Two other Chunghwa executives and an LG executive have been
indicted and warrants have been issued for their arrests, the
Justice Department said.
-By Brent Kendall, Dow Jones Newswires; 202-862-9222;
brent.kendall@dowjones.com