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H-P sues makers of optical disk drives for price-fixing

  • H-P (HPQ) has sued manufacturers of optical disk drives for allegedly conspiring to fix the price of their products from 2004-2010.
  • The defendants, which control 90% of the market, include Toshiba (TOSBF), Samsung (SSNLF), Sony (SNE), Panasonic (PCRFY) and Philips (PHG).
  • The suits follows a long probe by the Department of Justice into price-fixing and bid-rigging. Hitachi-LG Data Storage (LGEIY), another of the defendants, and four of its executives have pleaded guilty to breaches of antitrust law, while the DOJ named H-P as a victim.
  • H-P, which purchased billions of dollars of drives, is seeking unspecified triple damages and injunctive relief.
Comments (1)
  • Where's DELL?
    27 Oct 2013, 06:31 PM Reply Like
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