It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Hitachi exec pays up for price fixing Hitachi exec pays up for price fixing
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Hitachi exec pays up for price fixing
Reply
 
Thread Tools
Old 2nd May 2012, 08:18   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 40,221
Stefan Mileschin Freshly Registered
Default Hitachi exec pays up for price fixing

An executive who worked for the company which sounds like a sneeze, with Hitachi-LG Data Storage, has agreed to plead guilty and serve a prison sentence for price fixing.

Senior sales manager Woo Jin Yang was accused of rigging bids for drives sold to HP between 2006 and 2009, the Justice Department said.

The Department of Justice said that Yang faces four felony charges filed in the US District Court for the Northern District of California. He has agreed to spend six months at the State's pleasure and write a cheque for $25,000.

Hitachi-LG Data Storage was a joint venture of Hitachi Ltd and LG Electronics. So far four of its executives have been accused of conspiring to fix prices of the devices that can read and put data onto CD-ROMs and DVDs.

According to Reuters, the company had to pay a $21.1 million fine last November. Three other executives are awaiting sentencing on the price fixing charges.

http://news.techeye.net/hardware/hit...r-price-fixing
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
AUO to contest price-fixing guilty verdict Stefan Mileschin WebNews 0 15th March 2012 07:05
LCD Makers Settle Price-Fixing Case Stefan Mileschin WebNews 0 29th December 2011 10:00
Hitachi-LG execs facing jail time over price-fixing Stefan Mileschin WebNews 0 15th December 2011 06:42
LCD Makers To Pay $388M in Price Fixing Suit Stefan Mileschin WebNews 0 9th December 2011 07:18
EU Slaps Chip Vendors with Penalties for Price-Fixing jmke WebNews 0 20th May 2010 08:37
Judge backs action against Nvidia and AMD on price fixing jmke WebNews 0 16th July 2008 09:16
Elpida Guilty of DRAM Price Fixing jmke WebNews 1 31st January 2006 17:27
Samsung to pay $300 million for price fixing Sidney WebNews 0 14th October 2005 06:15
Infineon execs go to jail for DRAM price fixing Sidney WebNews 0 3rd December 2004 05:16
Infineon admits to DRAM price fixing jmke WebNews 10 16th September 2004 23:58

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 01:54.


Powered by vBulletin® - Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO