Kiekert AG, an automotive parts manufacturer based in Heiligenhaus, Germany, has agreed to plead guilty and to pay a $6.1 million criminal fine for its role in a conspiracy to rig bids of side-door latches and latch minimodules installed in cars sold in the United States and elsewhere, the Department of Justice announced today. According […]
Japanese Auto Parts Company Pleads Guilty to Antitrust Conspiracy
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, […]
Auto Parts Executives Indicted for Obstruction of Justice
A federal grand jury in the U.S. District Court for the Eastern District of Michigan returned an indictment charging one current automotive parts industry executive and one former automotive parts industry executive with conspiring to obstruct a federal investigation. The current executive also was charged with attempted obstruction of justice, the U.S. Justice Department announced. […]
Auto Parts Manufacturer Pleads Guilty in Price-Fixing and Bid-Rigging Conspiracy
Alpha Corporation will pay $9 million fine. Marks 46th company charged with price-fixing auto parts. The U.S. Justice Department announced that Alpha Corporation has agreed to plead guilty and to pay a $9 million criminal fine for its role in a price-fixing and bid-rigging conspiracy involving automotive access mechanisms such as door handles and lock […]
Auto Parts Manufacturer $34.5 Million Antitrust Class Action Settlement
NSK Ltd. settlement will benefit indirect purchasers of parts, including dealers and consumers, whose prices were inflated due to illegal price fixing. NSK Ltd. announced Friday that it has agreed to settle class action lawsuits with some indirect purchasers, including automobile dealers and consumers, that are part of the plaintiff classes in litigation pending in […]
Japanese Auto Parts Maker to Pay $130 Million Fine in Anti-Trust Case
The U.S. Justice Department announced yesterday that Nishikawa Rubber Co. Ltd. has agreed to plead guilty and pay a $130 million criminal fine for its role in a conspiracy to fix the prices of and rig the bids for automotive body sealing products installed in cars sold in the U.S. According to charges filed yesterday […]
Two Auto Parts Companies and Five Executives Indicted for Price Fixing
A federal grand jury in the U.S. District Court for the Southern District of Ohio returned two indictments charging Japanese automotive parts companies, their U.S. subsidiaries, and a total of five executives for their alleged participation in international conspiracies to eliminate competition in the sale of automotive parts sold in the United States and elsewhere, […]
OEM Auto Parts Supplier to Pay $66.5 Million for Fixing Parts Prices
The ongoing price fixing investigations being conducted by the U.S. Department of Justice Antitrust Division and the Federal Bureau of Investigation netted its latest guilty pleas. Corning International Kabushiki Kaisha (Corning International K.K.) has agreed to plead guilty and pay a $66.5 million criminal fine for conspiring to fix prices, rig bids and allocate the […]
Former Auto Parts Company President Pleads Guilty to Bid-Rigging
The former president of an automotive parts company pleaded guilty yesterday and was sentenced to serve 18 months in a U.S. prison for his role in a conspiracy to fix prices and rig bids for the sale of automotive body sealing products sold in the United States, the Justice Department announced. Keiji Kyomoto, a former […]
Collision Repairers File 2nd Amended Complaint in Antitrust Suit against Auto Insurers
As expected, collision repairers have filed another amended complaint seeking to address concerns that led Judge to dismiss the case for a second time last month. Collision repair facility operators in Florida have filed a second amended complaint in their suit brought against more than 30 insurance companies. As CollisionWeek reported January 23, U.S. District […]