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$1.25 Million Criminal Fine Against Japanese Company for Auto Parts Price Fixing

Tuesday, November 04, 2014
Sandler, Travis & Rosenberg Trade Report

The Department of Justice reports that an automotive parts manufacturer based in Japan has agreed to plead guilty and pay a $1.25 million criminal fine for its role in a conspiracy to fix prices and rig bids for automotive brake hose installed in cars sold in the United States and elsewhere. The DOJ states that the charges against this company are the first in its ongoing investigation into anticompetitive conduct in the auto parts industry that relate to automotive brake hose sold to automakers. The company has also agreed to cooperate in this investigation, which to date has resulted in charges against 44 individuals and 30 companies pleading guilty or agreeing to plead guilty and agreeing to pay a total of nearly $2.4 billion in fines.

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