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Violation Tracker Individual Record

Company: Chi Mei Corporation
Current Parent Company: Innolux Corporation
Penalty: $78,000,000
Year: 2011
Date: December 27, 2011
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Chi Mei agreed to pay $78 million to direct purchaser plaintiffs to settle allegations it participated in a conspiracy to fix fix the prices of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) flat panel products.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:07md1827
Case Name: In re TFT-LCD (Flat Panel) Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Taiwan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: electronic displays
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.