FORMER EXECUTIVE INDICTED IN GLOBAL COLOR DISPLAY TUBE PRICE-FIXING CONSPIRACY

On August 19, 2009, Wen Jun (“Tony”) Cheng, a former assistant vice president of sales and marketing at a large Taiwanese color display tube (CDT) manufacturing company, was indicted at U.S. District Court in San Francisco for his role in a global conspiracy to fix prices of CDTs. CDTs are a type of cathode ray tube used in computer monitors and other specialized applications
According to the indictment, Mr. Cheng participated in the conspiracy along with unnamed co-conspirators to suppress and eliminate competition by fixing prices, reducing output, and allocating market shares of CDTs. The indicitment also alleges that Mr. Cheng and his co conspirators engaged in communication and conversations at meetings in Taiwan, Korea, Malaysia, China, and other places to agree on prices, output, and market shares of CDTs. He and his co-conspirators were allegedly able to set up an audit system to verify production outputs. This conspiracy lasted from January 1999 and September 2004.

Cheng was previously indicted on Feb. 3, 2009, for his participation in a global conspiracy to fix prices of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels.

Andre Barlow
(202) 589-1834
abarlow@dbmlawgroup.com