Samsung antitrust settlement

After reading this in the Free Press, I had a great idea what we can do with any funds coming to Vermont – support the high tech industry here! How fitting.

Vermont shares in $90 million settlement with Samsung

Published: Wednesday, February 7, 2007
MONTPELIER – Vermont is one of 40 states to settle with electronics manufacturer Samsung in an antitrust lawsuit, Vermont Attorney General William Sorrell announced this week.

The $90 million nationwide settlement with Samsung Semiconductor, Inc. and Samsung Electronics Co., Ltd. arose from a claim of a price-fixing scheme among Samsung and several other of the world’s largest computer memory chip manufacturers that began in the 1990s.

The settlement, which is still subject to a court review, does not yet detail how the money will be meted out among the suit’s participating states and consumers.

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