Friday, July 14, 2006

34 States to Sue Chip Makers, Charging Broad Price Fixing

SAN FRANCISCO, July 13 — At least 34 states are expected to file a lawsuit on Friday against seven semiconductor makers, accusing the companies of overcharging their customers for computer memory chips.
Separately, Elliot Spitzer, the attorney general of New York, filed a lawsuit on Thursday to recover damages for consumers in the state.
The legal cases will open a new chapter in the four-year-old investigation that has already led to large fines for the companies and prison sentences for several executives.
The multistate suit, which is to be filed in Federal District Court in San Francisco, accuses the chip makers of conspiring to fix prices and manipulate supply from 1998 to 2002.
The chip companies expected to be named in the multistate suit include Infineon Technologies, Hynix Semiconductor, Micron Technology, Mosel Vitelic, Nanya Technology, Elpida Memory and NEC Electronics America.

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