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DOJ Seeking Record $1B Fine Against AU Optronics

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  • Description

    FBN's Rich Edson on AU Optronics’ conviction of price fixing LCD displays.

  • Duration 1:06
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Beautiful -- New York City well after being found guilty of price fixing LCD displays a Taiwanese tech company could now be facing a record setting one billion dollar -- -- US federal call Richardson joining us now with more on this very rich.

The well actually judges about to decide the fate of a you opt Tron -- that decision could set.

An entirely new precedent for companies conducting business in the United States Department of Justice is asking for a one.

Billion dollar criminal penalty that's double the current record.

And justices former director of criminal enforcement tells Fox Business this is a new phase for government penalties.

It.

This is sending a message again out there to corporations.

At a time where you know in particular US consumers in the US economy are hurting.

That these kinds of crimes -- kind of conduct against economies not to be tolerant.

Does that does -- procedures begin tomorrow eight you up -- it says it's gonna continue to fight this but with Libor and that investigation ongoing this is a penalty.

The financial sector should certainly watch.

Do you there was certainly get your attention all right rich Edson and -- -- rich think.

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