Feeds

LCD maker cops to international price-fixing conspiracy

Apple, Dell, HP bilked

The Essential Guide to IT Transformation

Yet another seller of LCD panels has copped to international price-fixing that bilked Apple, Dell, and HP, among others.

Taiwan-based HannStar Display Corporation has agreed to pay a $30m criminal fine for its role in a global conspiracy to fix prices of monitors that use TFT-LCD, or thin-film transistor-liquid crystal display, technology. Federal prosecutors in San Francisco allege that the company participated in the industry cabal from 2001 to 2006, artificially driving up prices of monitors, laptops, mobile phones, and other electronic devices.

HannStar is the seventh company to admit participating in the price-fixing scheme, according to Justice Department officials. The companies have collectively agreed to pay more than $890m in fines. Other companies that have pleaded guilty include Hitachi Display, LG Display, Sharp, and Chunghwa Picture Tubes.

The prosecutions are the result of a joint investigation conducted by the FBI and the San Francisco field office for the Justice Department's antitrust division. ®

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
'Things' on the Internet-of-things have 25 vulnerabilities apiece
Leaking sprinklers, overheated thermostats and picked locks all online
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Tor attack nodes RIPPED MASKS off users for 6 MONTHS
Traffic confirmation attack bared users' privates - but to whom?
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.