Law360, New York ( September 26, 2012, 1:16 PM EDT) -- On Sept. 20, 2012, a federal judge imposed a $500 million fine on AU Optronics Corp., a Taiwanese manufacturer of thin-film transistor liquid crystal display (TFT-LCD) panels, for its role in a price-fixing conspiracy. The amount of the fine equals that of the largest criminal antitrust fine in history and is roughly equal to the entire amount of fines collected by the Antitrust Division of the U.S. Department of Justice in fiscal year 2011. Two senior executives of AU, former AU president Hsuan Bin Chen and former vice president Hui Hsiung, were sentenced to three years in prison for their role in the conspiracy, the second-longest terms ever ordered in an antitrust case. The Antitrust Division had sought a fine of $1 billion and 10-year prison terms for each executive, all of which would have set records....
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