Reuters: Technology News: Taiwan's AU Optronics fined $500 million in U.S. for price fixing

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Taiwan's AU Optronics fined $500 million in U.S. for price fixing Sep 20th 2012, 18:27 SAN FRANCISCO | Thu Sep 20, 2012 2:27pm EDT SAN FRANCISCO (Reuters) - A U.S. judge on Thursday fined AU Optronics Corp (2409.TW) $500 million following its criminal conviction earlier this year for price fixing in the market for liquid crystal display panels. U.S. District Judge Susan Illston, at a sentencing hearing in San Francisco federal court, also ordered three years of probation for the Taiwanese company including implementation of a compliance and ethics program. A jury convicted the company and two executives in March, but acquitted a former AU chief executive. AU has said it would appeal its conviction. AU had argued it should be fined no more than $285 million, while U.S. antitrust prosecutors had asked for a $1 billion fine.

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