Mexican Media Brands
Another Japanese Supplier Pleads Guilty to U.S. Price Fixing
Maruyasu Industries Co., a Japanese supplier of steel fuel and brake lines and engine components, has pleaded guilty to U.S. charges of conspiring to rig bids and fix prices on its products.
#legal
Share
Maruyasu Industries Co., a Japanese supplier of steel fuel and brake lines and engine components, has pleaded guilty to U.S. charges of conspiring to rig bids and fix prices on its products.
The Dept. of Justice says the company has been sentenced to pay a $12 million fine for violating the Sherman Act by conspiring to fix prices on products supplied to vehicles made in Japan and sold in the U.S.
The Justice Dept. also indicted Maruyasu’s U.S. unit, Curtis-Maruyasu Inc., and four sales managers. But it dismissed those charge in return for the company’s cooperation in pursing other companies that participated in the conspiracy.
The indictments are part of a continuing investigation in the U.S., Europe and Japan into price fixing throughout the automotive supplier industry. Since the probes began eight years ago, the Justice Dept. has charged 50 companies and 66 executives. It also has collected $4.2 billion in civil and criminal fines.
RELATED CONTENT
-
Tesla Faces Second Autopilot Fatality Lawsuit
Tesla Inc. has been sued for the second time in three months by families of drivers killed in crashes while using the company’s Autopilot semi-self-driving feature.
-
U.S. Charges Five More VW Execs in Diesel Cheating Scandal
U.S. prosecutors have charged five more current or former Volkswagen AG executives in connection with the carmaker’s diesel emission cheating scandal.
-
Uber Settles with Family of Woman Killed in Self-Driving Car Crash
Uber Technologies Inc. has quickly settled on damages to the survivors of a woman killed in Tempe, Ariz., last week by an Uber test vehicle operating in autonomous mode.