Friday, October 14, 2005

Record Price Fixing Fine Against Samsung

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.

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I have a question that you may be able to answer. When such antitrust fines are collected (by the DoJ or some other entity), how do they allocate the money? Who gets what?

Posted by: Sam S. Park | Oct 21, 2005 1:09:28 AM

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