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Violation Tracker Individual Record

Company: Samsung Electronics Co. Ltd
Current Parent Company: Samsung
Penalty: $4,600,000
Year: 2016
Date: April 14, 2016
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Toshiba Samsung Storage Technology agreed to pay $9.2 million to direct purchasers to settle its role in litigation concerning a conspiracy to fix the prices of optical disks. Court documents did not specify how much each of the joint venture owners would pay. Here we assume Toshiba and Samsung each paid half the amount.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:10md2143
Case Name: In re: Optical Disk Drive Products Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: South Korea
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.