Samsung Electronics, the world’s largest memory chip maker, agreed to pay $90 million to settle a 38-state lawsuit charging the company and others with price fixing, according to New York’s attorney general. The suit, filed in July, claimed Korea-based Samsung and other companies made secret arrangements to raise the prices of dynamic random access memory chips. About $80 million of the settlement will go to consumers nationwide while $10 million will cover losses suffered by states and local governments.
Popularity: 2% [?]
Posted on Wednesday, February 7th, 2007. Filed under: Business Law, Law Misc
You can leave a response, or trackback from your own site.
Rate This Post - Vote Now!