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Sony, LG, Samsung, Hitachi, Toshiba accused of price fixing

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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 12:17 PM
Original message
Sony, LG, Samsung, Hitachi, Toshiba accused of price fixing

http://www.computerworld.com/s/article/9162979/Sony_LG_Samsung_Hitachi_Toshiba_accused_of_price_fixing


U.S. Department of Justice has filed subpoenas against Samsung


A home electronics retail store has filed a class-action lawsuit against Sony Corp., Samsung Electronics Co. Ltd., Toshiba Corp., LG Electronics Inc., Hitachi Ltd. and several subsidiaries, accusing the electronics manufacturers of colluding to fix prices in the U.S. optical disc drive (ODD) market.

The lawsuit, filed Wednesday, also claims the disc drive manufacturers used trade organization forums to meet and discuss agreements to keep prices of CD, DVD and Blu-ray drives in products like the Sony PlayStation 3 and PCs artificially high.

"When the price of ODD began to dip, the Defendants entered into an illegal agreement to prevent competitors from entering into the market and to keep prices at a supracompetitive level," the lawsuit states.

-snip-

Samsung, which has received subpoenas from the DOJ, said it had "no comment regarding price fixing on optical drives." Officials at Hitachi and Toshiba could not be reached for comment. According to a report in the Wall Street Journal last fall, Hitachi and Toshiba also received subpoenas regarding the probe into ODD price fixing.

An investigation was launched last October by the U.S. Department of Justice (DOJ) into the market for optical disk drives for anticompetitive conduct. The DOJ subpoenaed Sony Optiarc America, which at the time said it intended to cooperate fully with the DOJ and other agencies in this inquiry."

According to one published report, the investigations goes well beyond just Sony, and involves other electronics manufacturers.
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in the US you can't turn around without meeting a scam operation
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Dappleganger Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 12:20 PM
Response to Original message
1. Haven't they done this with LCD screens too? nt
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Tesha Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 12:51 PM
Response to Reply #1
2. I'm pretty sure that was just Samsung. (NT)
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goclark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 01:43 PM
Response to Original message
3. Can I get my money back for my TV?
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 01:45 PM
Response to Reply #3
4. Is your TV an optical disk drive?
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goclark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 02:01 PM
Response to Reply #4
5. I'll ask my cousin when he comes today
If it is how much can I get?
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 02:32 PM
Response to Reply #5
6. Sorry, that was a joke.
This is about blu-ray players and the like, not TVs.

And it's an accusation, not a settlement. Even if you had the right equipment nobody'd be giving you any money for a long time yet, if at all.
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goclark Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Feb-28-10 04:13 PM
Response to Reply #6
7. Thanks LOL
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