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AU Optronics CEO Barred From Leaving US In LCD Probe -Reuters

DOW JONES NEWSWIRES The chief executive of liquid-crystal-display maker AU Optronics Corp. (AUO, 2409.TW) has been barred by a federal judge in San Francisco from leaving the U.S. as Justice Department officials pursue price-fixing allegations against the Taiwanese company, Reuters reports Friday. A grand jury indicted CEO Lai-Juh Chen in June for allegedly fixing prices of thin-film LCD panels, which are used in numerous electronic devices. The court ordered him to surrender his passport. The Justice Department has accused AU Optronics executives of being part of a group of industry officials who met regularly at hotels and restaurants in Taiwan to discuss and agree on prices, from 2001 to 2006. Six companies have pleaded guilty in the subsequent probe: Taiwan's Chimei Innolux Corp. (3481.TW) and Chunghwa Picture Tubes Ltd. (2475.TW); South Korea's LG Display Co. (LPL); and Japan's Sharp Corp. (6753.TO), Epson Imaging Devices and Hitachi Displays. Full story at http://www.reuters.com/article/idUSN2020230220100820 -Dow Jones Newswires; 212-416-2900

Stock News for Au Optronics (AUO)
DateTimeHeadline
11/14/201307:19:29The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:25The Vanguard Group 3Q 13F: Largest Sales
09/20/201317:33:20ADR Shares End Lower, Reversing Fed-Fueled Rally
04/29/201322:00:10Another AU Optronics Executive Jailed in U.S.
04/29/201321:42:39Another AU Optronics Executive Jailed in US for Price Fixing
12/19/201222:11:14US Jury Finds AU Optronics Executive Guilty of Price Fixing
12/04/201216:22:08Hewlett-Packard Sues Chunghwa, Tatung, Alleging LCD Screen Price-Fixing...
10/16/201216:53:43ADR Report: Shares Rise Amid Spain Hopes
10/03/201204:00:08Apple Begins Mass-Producing Smaller Tablets
10/03/201203:52:05Apple Suppliers Now Mass-Producing Tablets Smaller Than Existing...
09/20/201220:26:07AU Optronics: Will Book US$223 Million Additional Provision for...
09/20/201217:01:08ADR Report: Shares End Lower Amid Weak European, Asian Economic...
09/13/201200:20:52AU Optronics Faces $1 Billion U.S. Fine Over Price Fixing
09/12/201223:51:35AU Optronics: US Seeks US$1 Billion Fine From Firm Over Price...
09/12/201210:10:16U.S. Seeks $1 Billion Price-Fixing Fine for AU Optronics
07/04/201210:01:06SUBSCRIBERS: Apple Asian Mass Production Plans Already Reported
07/04/201208:59:21Apple Asia Suppliers Prepare Mass Production of Smaller Tablet...
06/14/201217:11:13ADR Report: Shares Higher on Chatter Ahead of Greek Election
03/13/201221:55:23AU Optronics Says To Appeal U.S. Price-Fixing Guilty Verdict
03/09/201217:10:47ADR Report: Shares Lower As Financials Fall

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