03/13/2012 08:24 pm ET Updated May 13, 2012

AU Optronics Says To Appeal U.S. Price-Fixing Verdict

TAIPEI (Reuters) - AU Optronics Corp plans to appeal a guilty verdict by a U.S. court in a price-fixing case and any fine that results, the Taiwan-based electronics company said on Wednesday, adding it is confident of being ultimately vindicated during further proceedings.

The U.S. Justice Department said AU Optronics faces a maximum fine of $1 billion. The case covered a number of other panel makers, including South Korea's LG Electronics Inc.

(Reporting by Jonathan Standing; Editing by Muralikumar Anantharaman)