Hitachi-LG Data Storage exec pleads guilty to price-fixing

Bids were rigged on sales to HP

An executive with Hitachi-LG Data Storage (HLDS) has agreed to plead guilty and serve time in a U.S. prison for his participation in a series of conspiracies to rig bids for the sale of optical disk drives to Hewlett-Packard, the U.S. Department of Justice said.

Senior sales manager Woo Jin Yang, also known as Eugene Yang, conspired with others to suppress and eliminate competition by rigging bids for optical disk drives sold to HP, the DOJ said in a press release. Yang participated in the conspiracies between August 2006 and June 2009, according to a four-count felony charge filed Monday in the U.S. District Court for the Northern District of California in San Francisco.

Under a plea agreement, Yang has agreed to serve six months in prison, to pay a US$25,000 criminal fine and to cooperate with the DOJ's ongoing investigation, the agency said.

HLDS is a joint venture between Hitachi, a Japanese company, and LG Electronics, a South Korean company. A company representative wasn't immediately available for comment on Yang's plea.

Optical disk drives are devices such as CD-ROMs, CD-RWs, DVD-ROMs and DVD-RWs that use laser light or electromagnetic waves to read and write data to computers and gaming consoles.

HLDS executives Y.K. Park, S.H. Kim and Sik Hur pleaded guilty to multiple antitrust violations in March and April. Park, Kim and Hur are currently awaiting sentencing.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's e-mail address is grant_gross@idg.com.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Grant Gross

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?