Antitust Update: AU Optronics Learns the Steep Price of Price-Fixing
From Corporate Law Report:
“On September 20, a federal judge taught AU Optronics a hard lesson in U.S. antitrust law when she handed down sentences to the company and its executives for their participation in a global conspiracy to fix the prices of LCD screens. From law firm Skadden Arps:
‘… Judge [Susan] Illston sentenced AU Optronics to a fine of $500 million, matching the largest corporate fine ever imposed for a price-fixing violation… She also imposed three-year prison terms and $200,000 fines on the executives.’
What can the rest of the corporate world learn from the ruling? Five things…”
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