LCD price-fixing leads to LG exec facing jail time

LG and Chunghwa Picture Tubes Ltd. are in trouble. Executives from both companies have pled guilty to global LCD price-fixing. The conspiracy was to stop competition by setting prices and occurred for over 5 years, from September, 2001 to December, 2006.

Four executives will be subject to a fine, must cooperate in helping the United States in the investigation, and face jail time.