Infineon, Investors Strike $6M Deal In Price-Fixing Action

Law360, New York (June 21, 2011, 2:46 PM EDT) -- Infineon Technologies AG on Monday agreed to pay $6.2 million to settle a consolidated securities fraud class action brought in California by investors over the company's criminal conspiracy to fix prices for memory chips.

The deal ends the seven-year-old suit that claimed Germany-based Infineon and several of its officers and directors committed fraud by participating in the price-fixing conspiracy involving dynamic random access memory and by misleading investors about the impact the artificially inflated prices had on the company's value.

Previously deadlocked, the parties managed to...
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