Thursday, April 19, 2007

Samsung exec agrees to plead guilty to price fixing

(Reuters) - As part of his plea agreement, Kim agreed to pay a $250,000 criminal fine and to cooperate with prosecutors in the ongoing investigation. The entry of the plea agreement and sentencing is currently scheduled for April 25, the Justice Department said. The plea and recommended sentence must be approved by the court.

The government has blamed the price-fixing scheme for driving up the price of chips used in personal computers, servers, cell phones, cameras and game consoles.


Read more at Reuters.com Business News

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