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You are here: Home / News / Japanese Auto Parts Company Pleads Guilty to Antitrust Conspiracy

Japanese Auto Parts Company Pleads Guilty to Antitrust Conspiracy

November 15, 2016 By CollisionWeek Editor

Company Agrees to Pay $7.2 Million Criminal Fine

Usui Kokusai Sangyo Kaisha Ltd. (Usui), an automotive parts manufacturer based in Shimizu, Japan, has agreed to plead guilty and pay a $7.2 million criminal fine for its role in a criminal conspiracy involving automotive steel tubes sold to automobile manufacturers in the United States and elsewhere, the Department of Justice announced yesterday. 

US DOJ sealAccording to a one-count felony charge filed yesterday in the U.S. District Court for the Southern District of Ohio, Usui participated in a conspiracy to fix prices, allocate customers and rig bids for automotive steel tubes sold to automobile

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Filed Under: News Tagged With: Antitrust, U.S. DOJ

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