2 Japanese Businessmen Charged In Tech Hardware Price Fixing

AppleMagazine|February 21, 2020

2 Japanese Businessmen Charged In Tech Hardware Price Fixing
A grand jury charged two Japanese businessmen for their role in an alleged global conspiracy to fix prices for components used in computer hard disk drives, federal officials announced.

Hitoshi Hashimoto and Hiroyuki Tamura, both former top sales executives at NHK Spring Co. Ltd., were indicted in federal court in San Francisco, the Department of Justice said in a statement.

Japanese manufacturer NHK Spring Co. Ltd. (NHK Spring) last year pleaded guilty in the case and was sentenced to pay a $28.5 million fine.

Federal prosecutors say that from May 2008 and through at least April 2016, Hashimoto and Tamura participated in a conspiracy with their competitors “to stabilize, maintain, and fix the prices of suspension assemblies used in hard disk drives.”

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February 21, 2020