Apr
30
2012
By ielr
Link:
The Department of Justice announced on April 30, 2012, that it had reached a plea agreement with an executive at Hitachi-LG Data Storage Inc, a Korean-based company. The executive will plead guilty to conspiracy to commit bid rigging, and serve a U.S. prison sentence. The executive was charged with violating the Sherman Act by pre-planning the bidding on the sale of optical disk drives. The case is notable in that it illustrates the reach of the U.S. Department of Justice, as the the company was a Korean and Japanese joint venture. Three other executives at Hitachi had already reached similar agreements with the Department of Justice.