Background

The Department of Justice reports that a Japanese company has been sentenced to pay a $60 million criminal fine after pleading guilty to conspiring with others to fix prices for electrolytic capacitors sold to customers in the U.S. and elsewhere. The DOJ states that this is the largest fine yet imposed in its investigation into collusion in the capacitors industry. The company was also sentenced to a five-year term of probation during which it must implement an effective compliance program and submit annual written reports on its compliance efforts.

A DOJ press release states that a total of eight companies and ten individuals have now been charged for their participation in this conspiracy. All eight companies have pleaded guilty and been sentenced to criminal fines collectively totaling over $150 million. Two of the individuals have pleaded guilty and eight remain under indictment, including four executives of the recently-sentenced company.

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