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$4.55 Million Fine for Auto Parts Bid Rigging

Monday, March 21, 2016
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced March 17 that a Japanese company has agreed to plead guilty and pay a $4.55 million criminal fine for its role in a decade-long conspiracy to rig bids on power window switches installed in certain cars sold to U.S. consumers. DOJ notes that 39 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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