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You are here: Home / Archives for Department of Justice

Extradited Former Automotive Parts Executive Pleads Guilty to Antitrust Charge

March 3, 2020 By CollisionWeek Editor

Fugitive for nearly five years, leads guilty to antitrust conspiracy to raise prices of instrument clusters. Eun Soo Kim, a former key accounts manager for Continental Automotive Korea Ltd. and a Korean national, was extradited from Germany and pleaded guilty for his role in an international market allocation and bid-rigging conspiracy involving the sale of […]

Filed Under: News Tagged With: Antitrust, Department of Justice, Lawsuits, OEM Parts

Auto Parts Manufacturer Pleads Guilty to Antitrust Conspiracy Involving Steel Tubes

June 4, 2018 By CollisionWeek Editor

Company agrees to pay $12 million criminal fine. Maruyasu Industries Co. Ltd., an automotive parts manufacturer headquartered in the Aichi Prefecture in Japan, pleaded guilty and was sentenced to pay a $12 million criminal fine for its role in a criminal conspiracy to fix prices, rig bids, and allocate customers for automotive steel tubes incorporated […]

Filed Under: News Tagged With: Antitrust, Department of Justice

Auto Door Latch Manufacturer to Plead Guilty to Bid Rigging, Pay $6.1 Million Fine

March 14, 2017 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Antitrust, Department of Justice

Two Auto Parts Companies and Five Executives Indicted for Price Fixing

June 16, 2016 By CollisionWeek Editor

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, […]

Filed Under: News Tagged With: Antitrust, Department of Justice, OEM Parts

Former Auto Parts Company President Pleads Guilty to Bid-Rigging

April 21, 2016 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Antitrust, Department of Justice, OEM Parts

U.S. Senator Reiterates Call to Investigate Auto Insurance “Scheme”

February 20, 2015 By CollisionWeek Editor

A frequent critic of both insurance companies and vehicle manufacturers, U.S. Senator Blumenthal of Connecticut asks Attorney General to investigate possible illegal practices by auto insurers. Asks for DOJ update on 1963 Consent Decree’s applicability to today’s marketplace. U.S. Senator Richard Blumenthal announced yesterday that he sent a letter to Attorney General Eric Holder urging […]

Filed Under: Feature Tagged With: 1963 Consent Decree, Department of Justice, Lawsuits, Senator Blumenthal

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