JURIST Supported by the University of Pittsburgh
PAPER CHASE NEWSBURSTDigest RSS feedFull RSS feed
Serious law. Primary sources. Global perspective.


Thursday, October 13, 2005

Samsung, DOJ reach deal in price-fixing conspiracy case
Greg Sampson at 3:44 PM ET

[JURIST] The US Department of Justice [official website] on Thursday announced [press release] that Samsung Electronics Co. Ltd. [corporate website] will plead guilty to charges that it conspired with other technology companies to fix prices on some of its dynamic random access memory (DRAM) chips. Under the plea deal, Samsung has agreed to pay $300 million in fines, the second largest antitrust fine in US history, and will cooperate in any further investigations. This latest settlement is part of the DOJ's ongoing investigation into price-fixing in the DRAM industry. Hynix Semiconductor [corporate website] in April pleaded guilty to conspiracy charges [JURIST report] for the role it played in the price-fixing scheme. In December, 2004, four Infineon executives pleaded guilty to similar charges of price-fixing [JURIST report]. Seven Samsung executives are not party to today's settlement, and may still face charges for their role in the price fixing scheme. Bloomberg has extended coverage of the Samsung settlement. Reuters has more.






Link |  | print | subscribe | RSS feeds | latest newscast | Facebook page

For more legal news check the Paper Chase Archive...


LATEST LEGAL NEWS

 African leaders to request Kenyan leaders be tried domestically
3:03 PM ET, May 24

 Nokia files patent infringement suit against HTC
12:38 PM ET, May 24

 Tenth Circuit hears Hobby Lobby appeal of health care ruling
11:51 AM ET, May 24

 click for more...

Get JURIST legal news delivered daily to your e-mail!

LATEST FORUM

The War on Terror and the Need for Muslim Support
DOMESTIC
Faisal Kutty
Valparaiso University Law School

ABOUT

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.

CONTACT

Paper Chase welcomes comments, tips and URLs from readers. E-mail us at JURIST@jurist.org