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Optical Drive Settlement

A federal judge on Tuesday signed off on a $55.5 million settlement of class action price-fixing conspiracy claims by indirect purchasers of optical disk drives, in which Philips and Pioneer will pay $50.5 million and TEAC will pay $5 million.

SAN FRANCISCO – A federal judge on Tuesday signed off on a $55.5 million settlement of class action price-fixing conspiracy claims by indirect purchasers of optical disk drives, in which Philips and Pioneer will pay $50.5 million and TEAC will pay $5 million.

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