Rotten Company

Samsung Electronics agreed to a $300 million U.S. DRAM price-fixing plea

Company: Samsung Electronics Co., Ltd.

Summary

The U.S. Department of Justice said Samsung Electronics Company Ltd. and its U.S. subsidiary agreed to plead guilty and pay a $300 million criminal fine. The filed charge alleged they conspired with other manufacturers to fix DRAM prices from April 1, 1999 through June 15, 2002. This source announces a plea agreement; it does not by itself establish the later date of court acceptance. Direct DOJ source: https://www.justice.gov/archive/atr/public/press_releases/2005/212002.htm Subsequent DOJ account confirms Samsung pleaded guilty and was sentenced in November 2005: https://www.justice.gov/archive/atr/public/press_releases/2006/219102.htm