Feeds

Samsung settles DRAM price-fixing lawsuit

Agrees to cough up $90m

Intelligent flash storage arrays

Samsung will pay $90m to bring to an end lawsuits brought against it by 41 US states as a result of its role in a worldwide DRAM price-fixing cartel. It will also aid the plaintiffs in ongoing legal action against its co-conspirators.

Samsung, Elpida, Hynix and Infineon were all found guilty by the US Department of Justice of conspiring to set memory prices between July 1999 and June 2002. Together they coughed up over $730m in fines, Samsung agreeing in October 2005 to pay $300m.

Civil lawsuits followed. In May 2006, Samsung, Hynix and Infineon agreed to pay $160m to settle a class-action brought against them by individuals who claimed they were financially harmed by the alleged (in this case) conspiracy - in the civil suit, the three firms admitted no wrongdoing.

In July 2006, 34 US states took action against the companies fingered by the DoJ. Other states joined the case at a later date. It's this combined body that Samsung has now reached an accord with, New York Attorney General Andrew Cuomo said yesterday.

The states' lawsuit also names Micron, Infineon, Elpida and Hynix. Only Micron, the only US company claimed to have taken part in the conspiracy, avoided punitive fines from the DoJ, by admitting its involvement - or, rather, the involvement of some company executives - and agreeing to help the DoJ further its case against the other firms.

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.