AU Optronics Falls to 2-Week Low After Being Sued By Best Buy

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  • s4sree
    • Oct 2006
    • 4854

    AU Optronics Falls to 2-Week Low After Being Sued By Best Buy

    October 10, 2010, 9:31 PM EDT By Adela Lin

    Oct. 11 (Bloomberg) -- AU Optronics Corp., Taiwan?s second- largest flat-panel maker, fell to the lowest in two weeks in Taipei trading after Best Buy Co. sued the company and at least nine other liquid crystal display makers over antitrust claims, according to the complaint filed in federal court in San Francisco on Oct. 8.

    The stock declined 1 percent to NT$30.40 as of 9.09 a.m., set for the lowest since Sept. 24. Yawen Hsiao, an AU Optronics spokeswoman, couldn?t be reached immediately for comment.

    To contact the reporter on this story: Adela Lin in Taipei at alin95@bloomberg.net

    To contact the editor responsible for this story: Janet Ong at jong3@bloomberg.net





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