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Auto Parts Price Fixing Probe Nets Another $3.2 Million in Criminal Fines

Thursday, January 29, 2015
Sandler, Travis & Rosenberg Trade Report

The Department of Justice announced Jan. 27 that an auto parts manufacturer based in Japan has agreed to plead guilty and pay a $3.2 million criminal fine for its role in a conspiracy to fix the prices of compressors used in air conditioning systems sold for installation in vehicles manufactured and sold in the United States and elsewhere. The company has also agreed to cooperate in the DOJ’s ongoing antitrust investigation into price fixing and bid rigging in the auto parts industry, which to date has yielded charges against 33 companies and 50 individuals and agreements to pay a combined total of more than $2.4 billion in fines.

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