Friday, October 14, 2005
The DoJ announced yesterday that it had reached a potential settlement, including a fine of $ 300M, with Samsung and its US subsidiaries in a price fixing investigation which has already resulted in guilty pleas from Hynix and Infineon. The settlement is now before District Judge Phyllis Hamilton for approval. Fines of $ 346 M have already been approved against other conspirators. If approved, this fine will be the second highest in a criminal antitrust case after the $ 500 M fine against Hoffmann-LaRouche sicx years ago.