Hitachi Fined $31 Million For LCD Price Fixing

MojoKid writes "The Japanese electronics manufacturer has just agreed to pay a staggering $31 million fine for its role in a conspiracy to fix prices in the sale of TFT-LCD panels sold to Dell, Inc. The United States Department of Justice made the proclamation, and details show that Hitachi has plead guilty to a one-count felony. The charge, which was filed in the U.S. District Court in San Francisco, blames Hitachi Displays Ltd., a subsidiary of Hitachi Ltd., with 'participating in a conspiracy to fix the prices of TFT-LCD sold to Dell for use in desktop monitors and notebook computers from April 1, 2001 through March 31, 2004.'"

Comments

How Much?

[Rik Rohl]

did they make more than $31 mil profit by fixing the prices? If they did then they got away with it.

Pay $31M, Made $300M

[cc_pirate]

Once again a corporation is allowed to steal and not pay back what it stole...

While an individual would have to pay every DIME back and then pay a penalty on TOP of that...

Pathetic