The Department of Justice announced May 16 that a company based in Japan has agreed to plead guilty and pay a $66.5 million criminal fine for conspiring over a period of 12 years to fix prices, rig bids and allocate the market for ceramic substrates sold in the United States and elsewhere and used in catalytic converters supplied to automobile manufacturers in the U.S. and elsewhere. The company also agreed to cooperate in the DOJ’s ongoing investigation, which has thus far charged 40 companies that have agreed to pay more than $2.6 billion in criminal fines along with 59 individuals.

Copyright © 2021 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.

ST&R: International Trade Law & Policy

Since 1977, we have set the standard for international trade lawyers and consultants, providing comprehensive and effective customs, import and export services to clients worldwide.

View Our Services 


Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.