Breaking News

Elgato Puts Premium Seating Within Reach ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors Synology Releases DiskStation Manager 7.3 Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors Elgato Debuts Supersized Prompter XL for Studio Use

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Hitachi-LG Fined With $21.1 Million Over Criminal Probe

Hitachi-LG Fined With $21.1 Million Over Criminal Probe

Optical Storage Nov 9,2011 0

The U.S. District Court in San Fransisco on Tuesday accepted the plea from Hitachi-LG Data Storage and sentenced the company to a $21.1 million fine, after pleaded guilty in a price fixing probe related to optical disc drives. A 15-count felony charge was filed late September in U.S. District Court in San Francisco against Hitachi-LG Data Storage, a joint venture between Hitachi Ltd., and LG Electronics Inc. Of the 14 counts, seven charged Hitachi-LG Data Storage with conspiring with others to suppress and eliminate competition by rigging bids on optical disk drives sold to Dell; six counts charged Hitachi-LG Data Storage with rigging bids on optical disk drives sold to Hewlett-Packard; and one count charged Hitachi-LG Data Storage with conspiring with others to fix the prices of optical disk drives sold to Microsoft. The final count charged Hitachi-LG Data Storage for its participation in a scheme to defraud HP in an April 2009 optical disk drive procurement event.

District Judge Richard Seeborg accepted the plea from the company on Tuesday at a hearing in San Francisco. He sentenced the company to a $21.1 million fine.

Under the approved plea agreement, Hitachi-LG Data Storage had agreed to assist the U.S. Department of Justice in its ongoing investigation into the optical disk drive industry.

Sony and Toshiba had also received subpoenas from the Justice Department related to the investigation of sales of optical disc drives.

Tags: HLDS
Previous Post
Noctua Introduces NF-F12 Focused Flow Fan
Next Post
Japan's Rakuten to Acquire Kobo For $315 Million

Related Posts

  • CDRInfo.com (p)reviews the HLDS UD Station

  • HLDS UD Station DVDRW (Preview)

  • External USB Slim Recorders Comparison

  • HLDS portable DVD Android external Recorder

  • HLDS presents the world first DVD which is compatible with Android OS to fascinate customers

  • European Court Dismissed Optical Storage Makers' Appeal in Cartel Case

  • You Can Now Claim Get A $10 Settlement Following An Optical Disk Drive Antitrust Ligitation

  • Hitachi-LG Data Storage Joins Microsoft’s Windows Rally Program

Latest News

Elgato Puts Premium Seating Within Reach
Consumer Electronics

Elgato Puts Premium Seating Within Reach

ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors
Cooling Systems

ASUS Unveils ProArt PA401, PA602 Wood Edition PC Cases with Retro Colors

Synology Releases DiskStation Manager 7.3
Enterprise & IT

Synology Releases DiskStation Manager 7.3

Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors
Enterprise & IT

Shuttle Introduces DH810 Compact Mini PC with Intel Core Ultra Processors

Elgato Debuts Supersized Prompter XL for Studio Use
Consumer Electronics

Elgato Debuts Supersized Prompter XL for Studio Use

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed