Commission Issues Its First Cartel Settlement Decision In The DRAM Case

On May 19, 2010, the European Commission issued its long-awaited first cartel settlement decision. The Commission introduced the settlement procedure in June 2008 with a view to simplifying the administrative proceedings and reducing litigation in cartel cases, but no settlement had so far been successfully concluded. Cleary Gottlieb represented Hynix Semiconductor, Inc. in the settlement proceedings.