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Seagate Faces $105 Million Shareholder Compensation Amid Violations of US Export Controls and Concealment of 7.4 Million Hard Drive Sales
1 week ago /
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Author：小编
Seagate Technology has inked a settlement deal worth $175 million, following accusations of unlawfully selling hard drives valued at over $1.1 billion to Huawei. This move not only breached US export control regulations but also involved deceiving shareholders. It's worth noting that Seagate had previously incurred a $300 million penalty from the US Department of Commerce for its illicit sales of hard drives to Huawei, adhering to the common English legal expression "incurred a penalty" which better reflects the context of receiving a punishment.
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