AU Optronics Corp executive Shiu Lung Leung was sentenced yesterday in California to two years imprisonment and a fine of $50,000 for his involvement in a criminal conspiracy to fix the prices of liquid crystal displays used in computer screens and televisions.
This sentence followed Leung’s conviction by a federal jury in December 2012 and brings to 13 the number of executives from various companies found guilty of this price-fixing conspiracy.
Leung faced a potential sentence of 10 years imprisonment yet following a contested trial his sentence is less than that agreed by corporate executives in other cartels that have pleaded guilty. This may set a new benchmark for such plea negotiations in the US in future.
To date eight companies involved in this cartel have been sentenced to pay criminal fines totalling more than $US1.39 billion.