Items tagged with Price Fixing
Surging NAND flash and DRAM memory chip pricing has prompted China's economic regulator to look into whether or not suppliers such as Samsung and others have engaged in price fixing shenanigans. The chips in question are found in a variety of electronics products, most notably mobile phones, which use both NAND flash...
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Apple has begun issuing credits and checks for millions of e-book purchases as the result of an antitrust lawsuit filed against it and five of the nation's largest publishing companies three years ago for their roles in an alleged e-book price fixing scheme. Consumers affected by the settlement can expect to receive a...
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Apple may have to pay consumers up to $400 million as part of a settlement agreement it reached with New York Attorney Eric T. Schneiderman over the company's alleged involvement in a price fixing conspiracy. A federal court in New York found that the conspiracy led to artificially inflated prices for e-books sold to...
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Qualcomm may have some explaining to do. The cellphone chip maker said in November it had been under investigation by China's National Development and Reform Commission (NDRC) for potential antitrust violations, though the company didn't go into any detail. Now it's being reported that Xu Kunlin, head of NDRC's...
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Panasonic and its subsidiary Sanyo (by way of a 50.2 percent stake in the company) both pleaded guilty in separate price fixing allegations involving automotive parts and battery cells, the United States Department of Justice announced this week. The two firms will pay a total of $56.5 million in criminal fines, while...
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The U.S. Department of Justice is seeking a $1 billion criminal fine against AU Optronics for its alleged involvement in a liquid crystal display (LCD) price fixing scheme that took place from 2001 to 2006. In addition to the hefty company fine, the DoJ also wants two convicted company executives to each serve 10...
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Dell and two other companies are going to receive a combined $198.5 million payment from Sharp to settle a civil lawsuit brought forth against a group of companies for setting artificially high prices for liquid crystal display (LCD) panels. Sharp, along with several other companies, was found guilty of price fixing...
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LCD makers got caught with their hands in the cookie jar, so to speak, and now it's time to pay up. The State of California Department of Justice announced a $538 million settlement resulting from a lawsuit filed in October 2010 against 10 companies who allegedly "conspired to fix, raise, maintain, or stabilize prices of TFT-LCD flat panels...
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Bad boys, bad boys, whatcha you gonna do? Whatcha gonna do when the U.S. Department of Justice slaps you silly for conspiring to fix prices of LCD panels on a global scale? So maybe the actual theme song goes a little differently than that, but we have an answer to the question nonetheless. When the DoJ lobs a legal backhand your way for bending...
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It's not like Hitachi Displays really needs any bad news considering just how poorly LCD sales are going right now, but regardless of that, it's still facing a fine that none of us would be fond of facing. The Japanese electronics manufacturer has just agreed (begrudgingly we're sure) to pay a staggering $31 million fine for its role in a...
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