Optical Disk Drives
|Optical Disk Drives|
|Overall Cartel Period||2007-2008|
|Participants||Hitachi-LG Data Storage Inc.|
|Total Fines (DOJ)||$21.1 million|
|Total Fines (EC)||No fines imposed|
In 2011, the U.S. Department of Justice (“DOJ”) brought its first charge against a company for its role in a price-fixing and bid-rigging conspiracy involving the sale of optical disk drives, such as CD-ROMs and DVD-ROMs. From 2004 to 2009, Hitachi-LG Data Storage Inc. conspired with other companies to fix prices and rig bids in the sale of optical disk drives to Dell, Microsoft and HP, among others. Among other anticompetitive behavior, cartel members would meet and agree upon bidding strategies and prices prior to attending optical disk drive procurement events hosted by Dell and HP. The resulting bids defeated the competitive nature of the events. The DOJ investigation into this cartel is ongoing.
- The DOJ imposed a $21.1 million fine on Hitachi-LG Data Storage Inc. for its role in the conspiracy, and several Hitachi executives have agreed to plead guilty.
|Company||Conspiracy Period||Fine (USD)||Plea Date||No. of Excluded Individuals||Plea Agreement|
|Hitachi-LG Data Storage Inc.||1/07-1/08||$21.1 million||09/30/2011||4||
|Individual||Company||Prison Sentence||Fine (USD)||Plea Date||Plea Agreement|
|Young Keun Park, VP and Chief Marketing Officer||Hitachi-LG Data Storage Inc.||8 months||$25,000||12/13/2011|
|Sang Hun Kim, Deputy Chief Marketing Officer||Hitachi-LG Data Storage Inc.||8 months||$25,000||12/13/2011|
|Sik Hur, Account Leader||Hitachi-LG Data Storage Inc.||7 months||$25,000||12/13/2011|
|Woo Jin Yang, Senior Sales Manager||Hitachi-LG Data Storage Inc.||6 months||$25,000||04/30/2012|