Printer Friendly

Hitachi-LG venture agrees to pay $21.1 mil. fine over bid rigging.

WASHINGTON, Sept. 30 Kyodo

Hitachi-LG Data Storage Inc., a joint venture of Japan's Hitachi Ltd. and South Korean LG Electronics Inc., has agreed to pay a $21.1 million fine for bid rigging and price-fixing for the sale of optical disk drivers from June 2004 to September 2009, the U.S. Justice Department said Friday.

The Hitachi affiliate and other firms were involved in bid rigging and price-fixing over sales of optical disk drivers for major U.S. computer manufacturers such as Hewlett-Packard Co. and Dell Inc., the department said.

Under the plea agreement, which is subject to court approval, Hitachi-LG Data Storage has agreed to cooperate in the department's investigation in the optical disk drive industry, it added.

Hitachi and LG Electronics established the joint venture in 2000.
COPYRIGHT 2011 Kyodo News International, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Japan Computer Industry Scan
Date:Oct 3, 2011
Previous Article:Softbank to release 1st smartphone compatible with high-speed service.
Next Article:Sanrio character shop offers dance-club atmosphere.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters