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Samsung Pleads Guilty in Price Fixing Case
Tue Mar 22, 2011 at 04:00 PM ETTags: Samsung, Legal Cases (all tags)
The company was fined a whopping $32 million.
Samsung is the first company to be officially fined in the price fixing scandal that took place between 1997 and 2006. Samsung SDI agreed to plead guilty to the charges and pay the significant penalty.
In addition to Samsung - the first company to be found guilty - six individuals have been indicted for price fixing. Another 22 executives and eight companies have been charged and the investigation is still happening.
The US Justice Department's statement on the matter is pretty straightforward. "Samsung SDI and co-conspirators exchanged CDT sales, production, market share and pricing information for the purpose of monitoring and enforcing adherence to their agreements."
Source: PhysOrg (via Crunch Gear
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PlayStation 3 Banned in Europe - Shipments Seized
Wed Mar 02, 2011 at 10:00 AM ETTags: PlayStation 3, LG, Legal Cases (all tags)
A patent dispute between Sony and LG could mean a complete shutdown of European sales.
Lawsuits are nothing strange to major tech companies, but results are. Usually something like the current patent dispute between Sony and LG would be settled out of court, but it looks like things are starting to heat up.
A preliminary ruling in the Hague demands that all PlayStation 3s coming into Europe be confiscated by officials. Tens of thousands of systems have been seized already, according to the Guardian.
If the court decides to extend the injunction, retailers will have to start pulling PS3s off of the shelf. Potentially even worse for Sony, if the company is found to have infringed on LG's patents, Sony will have make financial compensation. That means LG will get a cut of every PS3 sold to date.
Source: Guardian
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