Toshiba And SanDisk Get Served...Subpoenas
“The filing said 23 other companies were also sued for the same reason.
NAND flash memory is used in digital cameras and music players such as Apple Inc's iPod.”
It does seem a bit far-fetched that a group of 23 businessmen from different corporations would be able to collude long enough to fix prices without shareholders or financial analysts catching on. Add to that the various bitter rivalries in some corners of the tech industry and it would seem even less likely.
Still, stranger things have happened.