Four Infineon execs plead guilty in price-fixing scheme, to receive jail terms

[JURIST] Four executives of German computer chipmaker Infineon Technologies have agreed to plead guilty to charges of participating in a price-fixing scheme, the Department of Justice reported Thursday. Under the terms of the deal, the four men, who include three Germans and one American, will serve up to six months in jail and pay $250,000 in fines. The deal was the first guilty plea in a two-year investigation into alleged price-fixing by makers of dynamic random access memory for computers. Infineon previously reached a $160 million settlement over the pricing conspiracy with the DOJ in September. Reuters has more.

11:05 AM ET - A DOJ press release on the plea deal is available.

 

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