October 16, 2005 – Samsung Pays $300 Million Fine for Price Fixing

October 16, 2005

A Samsung Electronics Co. Ltd. and its U.S. subsidiary, Samsung Semiconductor Inc. pled guilty to a felony price-fixing charge. Samsung will pay a $300 million fine to settle accusations of conspiring to fix prices of memory chips used in electronics such as personal computers, printers, video recorders, and mobile phones between April 1999 and June 2002. Competitors in the industry have paid fines totaling $345 million and have pled guilty to various price fixing schemes. The government said victims of the price-fixing were Dell Inc., Compaq Computer Corp., Hewlett-Packard Co., Apple Computer Inc., International Business Machines Corp., and Gateway Inc.

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"Passionate, persistent, professional and persuasive - only a handful of the words that begin to capture and reflect the high-quality advice and tenacious advocacy Todd Higgins and his team bring to every matter they embrace, large or small, complex or straight-forward"

- Shawn K. Singh, JD

Chief Executive Officer and Director, VistaGen Therapeutics, Inc.

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