Hitachi-LG manager pleads guilty to fixing DVD drive prices
04/30, 6:55pm
Hitachi-LG veteran to face prison
The US Department of Justice stated Monday that a Hitachi-LG Data Storage executive had admitted to price fixing charges. Senior Sales Manager Woo Jin Yang agreed to face reduced prison time of six months, as well as pay a $25,000 fine, for artificially raising the bidding prices of CD and DVD drives sold for HP PCs. Between August 2006 and February 2009, Yang, three others, and an unnamed company had swapped information on prices, market share, and sales data at HP contractor shows to establish higher prices rather than compete for HP's business.
