TweakTown
Tech content trusted by users in North America and around the world
6,052 Reviews & Articles | 38,922 News Posts
Weekly Giveaway: Win a Biostar J1800NH2 Motherboard (Global Entry!)

Hitachi-LG Storage accused of price fixing, again, this time in Florida court

Attorney General Pam Bondi of Florida filed suit against Hitachi LG, claiming price fixing is rampant

| Business, Financial & Legal News | Posted: May 1, 2013 6:01 pm

It seems the legal woes aren't over for Hitachi-LG Storage.

 

TweakTown image news/3/0/30086_01_hitachi_lg_storage_accused_of_price_fixing_again_this_time_in_florida_court.jpg

 

After shelling out $21.1 Million in criminal fines and subsequently pleading guilty to bid-rigging and price fixing of optical disk drives in September 2011, a suit brought on by the Department of Justice, Attorney General Pam Bondi of Florida is suing Hitachi-LG for price fixing once again saying:

 

Price-fixing hurts healthy business competition and costs Florida's businesses, consumers, and governmental agencies by requiring them to pay higher prices for products," stated attorney general Pam Bondi. "My office is committed to protecting Floridians, and we will work to obtain relief for those affected by this alleged price-fixing scheme.

 

Company's such as BenQ, Lite-ON, Sony, Samsung and Quanta are also named as conspirators in this forth coming suit. More to follow as it develops.

NEWS SOURCES:Storagenewsletter.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases