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$2.35 Million Fine for Auto Parts Price Fixing

Monday, November 23, 2015
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced Nov. 19 that a Japanese company has agreed to plead guilty and pay a $2.35 million criminal fine for its role in an eight-year conspiracy to fix prices and rig bids on certain plastic interior trim automotive parts installed in cars sold to U.S. consumers. DOJ notes that 38 companies and 58 executives have now been charged in its ongoing antitrust investigation into price fixing, bid rigging and other anticompetitive conduct in the auto parts industry and have agreed to pay a total of more than $2.6 billion in criminal fines.

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