Hitachi executive Sakae Someya was indicted Tuesday by a federal grand jury in San Francisco for his role in a conspiracy to fix the prices of LCD screens.
Someya is accused of conspiring with others in the LCD display business "to suppress and eliminate competition" by fixing the price of the panels sold to Dell for notebook PCs. Someya is accused of participating in the scheme between January 2001 through December 2004. That would be a violation of the Sherman Act, which can result in a $1 million fine and a 10-year prison sentence.
Someya's indictment brings … Read more