An AU Optronics executive has been found guilty of fixing the price of LCD displays by a US District Court in San Francisco. The US Justice Department said that a jury found Shiu Lung Leung, a former senior manager in the Desktop Display Business Group, guilty of participating in the worldwide LCD price-fixing conspiracy that …
When found guilty of price fixing what does the law provide in order to ensure that the consumer can recover his losses ?
3 Years in prison?
They got off lightly!
If I had stolen that much money I wouldn't see daylight until I'd turned old and grey!
Colluding on prices is a kind of did-he-didn't-he, slippery-slope, don't-get-caught kind of thing. The real value of a judgement like this is that it sends a clear signal that karaoke is always wrong.
I like the thought that they dropped the information in to popular song.
"Well I guess it would be nice, if I could fix my profit, I know not every outfit, can fix a profit like you."
No prizes for guessing the song ;)
Unless some one tells us how much our screens should have cost, then who cares?
I do care, as I buy quite a few of them each year (usually AU Optronics made, too)... but I have to say I'm almost always amazed at how cheap they are!
But if it were IP?
Funny thing is, if this had been a company demanding a fixed large amount for "IP" from all panel makers, nothing would be seen to be wrong. Look at how the courts uphold trademark laws to stop grey imports of genuine goods at better prices.
But taking similar profits by 'agreeing' on pricing for a physical commodity is seen as a serious crime. Funny that?
Price fixing in the IT world!, that's is so shocking...
- Just TWO climate committee MPs contradict IPCC: The two with SCIENCE degrees
- 14 antivirus apps found to have security problems
- Feature Scotland's BIG question: Will independence cost me my broadband?
- Apple winks at parents: C'mon, get your kid a tweaked Macbook Pro
- FTC to mobile carriers: If you could stop text scammers being jerks that'd be just great