Infineon Execs Plead Guilty to Price-Fixing
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Four Infineon (Quote, Chart) executives agreed to plead guilty to charges they conspired to fix prices in the computer memory sector, officials said Thursday.
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WASHINGTON - Infineon Technologies AG, a German manufacturer of DRAM (dynamic RAM) has agreed to plead guilty and pay a $160 million fine for attempting to fix prices in the DRAM market, the U.S. Department of Justice (DOJ) announced Wednesday.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced Wednesday.
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GIANT MEMORY company Infineon will plead guilty to price fixing of DRAM chips and will pay $160 million in fines to the US government.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced yesterday.
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Individual penalties for the four Infineon executives who pled guilty in a price-fixing scheme follow a record $160 million fine that Infineon agreed to pay in mid-September stemming from the same investigation.
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A former senior executive at Marsh &  McLennan Cos. Inc. MMC.N and two executives from American  International Group Inc. AIG.N pleaded guilty to fraud  charges stemming from New York Attorney General Eliot Spitzer's  sweeping investigation of fraud in the insurance industry.
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A German manufacturer of technology commonly used in personal computers has agreed to plead guilty and pay a $160 million fine for engaging in an international price-fixing conspiracy that drove up computer prices, the Justice
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Federal prosecutors announced on Wednesday that they had cracked a global cartel that had illegally fixed prices of memory chips in personal computers and servers for
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The Department of Justice charged Infineon with violating the Sherman Antitrust Act by conspiring with unnamed DRAM manufacturers between July 1999 and June 2002 to fix prices on memory sold to computer and server vendors.
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LOS ANGELES/NEW YORK  - Three former Countrywide Financial Corp.  executives agreed to plead guilty to charges they conducted insider trading in the mortgage lender's shares in the week leading up to a disappointing earnings report, federal prosecutors said.
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Tom Hall, the last of the four executives at Qwest Communications International awaiting trial, has agreed to plead guilty. His attorney told the court that Hall would be willing to enter a plea.
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Three German executives and an American with microchip giant Infineon Technologies face jail terms and fines under plea agreements to settle a US probe into price-fixing, the Justice Department said.
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THE DEPARTMENT of Justice said that four employees of Infineon have pleaded guilty to charges of price fixing DRAM. Three German citizens and one US citizen will each pay $250,000 in fines as well as serving between four to six months in jail.
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Ongoing antitrust investigation, possibly regarding price fixing, extends to Advanced Micro Devices.
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Infineon Technologies AG, a German manufacturer of DRAM (dynamic RAM) has agreed to plead guilty and pay a US$160 million fine for attempting to fix prices in the DRAM market, the US Department of Justice (DOJ) announced Wednesday.
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Three former Countrywide  Financial Corp.  executives agreed to plead guilty to  charges they conducted insider trading in the mortgage lender&#39;s  shares in the week leading up to a disappointing earnings  report, federal prosecutors said.