Criminal
Jul. 20, 2013
Two companies plead guilty to fixing prices of rechargeable batteries
LG Chem Ltd. and Sanyo Electric Co. Ltd pled guilty Thursday to criminal charges filed in San Francisco admitting they were part of a conspiracy to fix prices of rechargeable batteries used in notebook computers.
By Hadley Robinson
Daily Journal Staff Writer
LG Chem Ltd. and Sanyo Electric Co. Ltd pled guilty Thursday to criminal charges filed in San Francisco admitting they were part of a conspiracy to fix prices of rechargeable batteries used in notebook computers from 2007 to 2008. Sanyo, a subsidiary of Panasonic Corp., agreed to pay more than $10.7 million for conspiring with other companies during meetings and conversations to sell the battery packs to customers at predetermine...
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