A PYMNTS Company

Hitachi executive pleads guilty to bid-rigging optical disk drives sold to HP

By  |  April 30, 2012
Hitachi executive pleads guilty to bid-rigging optical disk drives sold to HP

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    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.