Mar 10
Hitachi today followed the lead of other LCD panel manufacturers by agreeing to plead guilty to charges of price fixing. According to the Associated Press, the company struck a deal with the U.S. Justice Department to pay a fine of $31 million.
Hitachi’s payment makes a total of $600 million in fines collected on behalf of the Justice Department. “This case should send a strong message to multinational companies operating in the United States that when it comes to enforcing the U.S. antitrust laws we mean business,” said acting assistant attorney general Scott Hammond said in a statement issued today.
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