Hitachi, Renesas Settle Price-Fixing Suit Over Patent Deals

Law360, New York (June 5, 2012, 1:27 PM EDT) -- Hitachi Ltd. and chipmaker Renesas Electronics Corp. on Monday settled claims from a putative class of consumers who alleged in California federal court that the companies had participated in a scheme to fix prices on flash memory through patent licensing pacts.

Hitachi and Renesas, which is partly owned by Hitachi, signed a deal that puts an end to the suit of a group of indirect purchasers who lodged a consolidated complaint against the companies and several other electronics makers, alleging they colluded with computer memory giant...
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