Chi Mei Optoelectronics Agree to Pay Fine for LCD Price Fixing

Chi Mei Optoelectronics (CMO) announced on December 10, 2009 that the company has entered into a plea agreement with the U.S. Department of Justice (DOJ) to resolve LCD price-fixing allegations. CMO will pay a fine of US$220 million in installments over a period of five years. The company will also cooperate with the DOJ with this investigation. CMO will record the full amount as a non-operating expense in FYQ4’09. Source: CMO