The Department of Justice has announced that indictments have been handed down by a Grand Jury for three more executives that have been charged in the LCD price fixing scandal. Two of the executives are from Chunghwa Picture Tubes and one is from LG Display.

The indictments were filed in the US District Court in San Francisco and charge that Cheng Yuan Lin, Wen Jun Cheng, and Duk Mo Koo all participated in the conspiracy at different periods between around September 14, 2001 and December 1, 2006.

At the time of participation, Lin was the Chairman and CEO of Chunghwa and is currently a resident of Taiwan. Cheng was the Assistant VP of Sales and Marketing for Chunghwa and is a resident of Taiwan. Koo was, at the time of his participation, the Executive Vice President and Chief Sales officer of LG and is now a citizen of the Republic of Korea.

Each of the three men is charged with violations of the Sherman Act. The maximum penalty for Sherman Act violations before June 22, 2004 is three years in prison and a fine of up to $350,000. The maximum penalty for violations of the Sherman Act after June 22, 2004 is up to ten years in prison and a fine of $1 million. Only Lin's violation occurred before the June 22, 2004 date.

Further Reading:

USDOJ