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Optical Disc Drive Conspirators to Pay $37 Million for Fixing Prices

Including $15 million for Philips, $9 million for Samsung, $6 million for Sony, $4 million for Pioneer

To read this article from Courthouse, click on:
Disk Drive Conspirators Will Pay $37 Million
Seven disk drive sellers will pay $37 million to settle claims they conspired to fix the prices of optical disk drives from 2004 to 2009. The $37-million settlement package includes $15 million from Koninklijke Philips; $9.2 million from Samsung; $6 million from Sony; $4.2 million from Pioneer; $1.32 million from TEAC; $875,000 from BenQ; and $400,000 from Quanta Storage. Class members entitled to receive a portion of the $37 million settlement include any person or entity that bought at least one disk drive from the companies from Jan. 1, 2004 to Jan. 1, 2010.

Read also:
Lawyers in Optical Disc Drive Class Action Get $13 Million
Or 30% of $37.9 million settlement
2015.07.28 | In Brief
CD/DVD Drive Buyers Denied Class Certification In Price-Fixing
Accusing LG, Sony and Toshiba
2014.10.14 | In Brief
Hitachi-LG Data Storage Executive Pleads Guilty on Bid-Rigging Conspiracies on Optical Drives
Woo Jin Yang agrees to serve 6 months in prison.
2012.05.01 | Press Release
Sony, LG, Samsung, Hitachi, Toshiba Accused of Price Fixing
On optical disc drives
2010.03.02 | Press Release
Florida Attorney General Sues Hitachi-LG Storage
Over price-fixing allegations on optical disc drives
2013.05.01 | Press Release
European Commission Suspects 13 CD/DVD Drive Firms of Cartel
Including Hitachi-LG Data Storage and Philips
2012.07.25 | Press Release
Hitachi-LG Executives in Jail
For conspiring to fix prices of optical disk drives
2011.12.15 | Press Release
Hitachi-LG Data Storage to Pay $21 Million Criminal Fine
In bid-rigging and price-fixing on optical drives
2011.10.03 | Press Release

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