Woo Jin Yang, Senior Sales Manager for Hitachi-LG Data Storage, has agreed to plead guilty for his role in bid-rigging conspiracies for the sale of optical disk drives to Hewlett-Packard. From August 2006 and June 2009, Yang and his co-conspirators set bidding strategies and prices for optical disk drive procurement events hosted by HP.
Yang has agreed to serve six months in prison and pay a $25,000 criminal fine. Yang will also cooperate with the DOJ’s ongoing investigation into the optical disk drive industry. Yang is the fourth individual to be charged by the DOJ; one company, HLDS, pleaded guilty in November 2011.
Full content: DOJ Press Release
Related content: Are We Winning the Fight Against Cartels? (Jeremy West, OECD)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
CVS Health Explores Potential Breakup Amid Investor Pressure: Report
Oct 3, 2024 by
CPI
DirecTV Acquires Dish TV, Creating 20 Million-Subscriber Powerhouse
Oct 3, 2024 by
CPI
South Korea Fines Kakao Mobility $54.8 Million for Anti-Competitive Practices
Oct 3, 2024 by
CPI
Google Offers Settlement in India’s Antitrust Case Regarding Smart TVs
Oct 3, 2024 by
CPI
Attorney Challenges NCAA’s $2.78 Billion Settlement in Landmark Antitrust Cases
Oct 3, 2024 by
nhoch@pymnts.com
Antitrust Mix by CPI
Antitrust Chronicle® – Refusal to Deal
Sep 27, 2024 by
CPI
Antitrust’s Refusal-to-Deal Doctrine: The Emperor Has No Clothes
Sep 27, 2024 by
Erik Hovenkamp
Why All Antitrust Claims are Refusal to Deal Claims and What that Means for Policy
Sep 27, 2024 by
Ramsi Woodcock
The Aspen Misadventure
Sep 27, 2024 by
Roger Blair & Holly P. Stidham
Refusal to Deal in Antitrust Law: Evolving Jurisprudence and Business Justifications in the Align Technology Case
Sep 27, 2024 by
Timothy Hsieh