Toshiba: Received Subpoena From US Justice Department
October 26 2009 - 9:34PM
Dow Jones News
Toshiba Corp. (6502.TO) said Tuesday a 51%-owned joint venture
has received a subpoena from the U.S. Department of Justice
regarding an investigation related to its optical disk drive
business.
However Toshiba declined to say specifically what matter the DOJ
is investigating.
The company's comments came after the Nikkei reported in its
Tuesday morning edition that the U.S. justice department is
investigating possible antitrust violations by the American optical
disk drive operations of Toshiba Corp., Hitachi Ltd. (6501.TO) and
Sony Corp. (6758.TO).
The Justice Department has ordered Toshiba Samsung Storage
Technology Corp. - a joint venture with South Korea's Samsung
Electronics Co. (005930.SE) - and Hitachi-LG Data Storage Inc. to
provide information, while Sony Optiarc America Inc. has also been
asked to cooperate, the newspaper reported.
"Our joint venture (with Samsung) will be cooperating with the
investigation," a Toshiba spokesman said.
-By Ayai Tomisawa, Dow Jones Newswires; 813-6895-7568;
ayai.tomisawa@dowjones.com