Car parts manufacturer Mitsubishi Electric Corporation pleaded guilty to three counts of bid-rigging for participating in an international conspiracy and was fined CA$13.4 million ($9.8 million) by the Ontario Superior Court of Justice in Canada. A Competition Bureau investigation determined that Mitsubishi Electric entered into illegal agreements with a competing Japanese car parts manufacturer. The […]
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 […]
OEM Interior Parts Supplier Fined $2.35 Million for Price Fixing
INOAC Corp. has agreed to plead guilty and to pay a $2.35 million criminal fine for its role in a conspiracy to fix prices and rig bids on certain plastic interior trim automotive parts installed in Toyota cars sold to U.S. consumers. According to the felony charge filed yesterday in the U.S. District Court of […]