Print PDF

$25,000 Fine, Prison Terms for First Executives Pleading Guilty to Disk Drive Price Fixing

Thursday, December 15, 2011
Sandler, Travis & Rosenberg Trade Report

The Department of Justice reports that three Korean executives will each pay a $25,000 fine and serve time in U.S. prisons for their participation in a series of conspiracies to rig bids and fix prices for the sale of optical disk drives. These devices include CD-ROM, CD-RW (rewritable), DVD-ROM and DVD-RW that use laser light or electromagnetic waves to read and/or write data, which are often incorporated into personal computers and gaming consoles. Previously in this ongoing investigation the joint Japanese-Korean venture of which the three individuals were executives was sentenced to a $21.1 million criminal fine after pleading guilty to 14 counts of violating federal antitrust laws.

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines