James Delahunty
3 May 2012 20:44
DoJ revealed executive will enter guilty plea.
Woo Jin Yang, senior sales manager at Hitachi-LG Data Storage, agreed to plead guilty in a price fixing case, the Department of Justice announced earlier this week. He was accused, along with others, of rigging bids for optical disc drives sold to Hewlett-Packard Co between the years 2006 and 2009.
His guilty plea to four felony charges filed in the U.S. District Court for the Northern District of California, means he will serve a six month prison sentence and pay a fine of $25,000.
Three other executives are awaiting sentencing for their part in the crime. Hitachi-LG Data Storage was ordered to pay a $21.1 million fine in November 2011.