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Tag Archives: sherman act
Japanese Auto Parts Maker Showa Guilty of Price Fixing
Showa Corp., an automotive parts manufacturer based in Saitama, Japan, will plead guilty and pay a $19.9 million criminal fine for its role in a price fixing conspiracy. Continue reading
Posted in auto news, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, sherman act
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Two Fujikura Executives Indicted for Price Fixing
A federal grand jury in Detroit returned an indictment against two Fujikura Ltd. executives for their roles in an international conspiracy to fix prices of auto parts used in automotive wire harnesses sold to Subaru and installed in U.S. cars. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, sherman act
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Tokyo Based Fujikura Guilty of Auto Parts Price Fixing
To date, including Fujikura, eight executives and five companies have been charged and have pled guilty in the department’s ongoing antitrust investigation into the auto parts industry. Three of the companies have pleaded guilty and have been sentenced to pay criminal fines totaling more than $748 million. Seven of the executives have pleaded guilty and have been sentenced to serve a total of more than 122 months in jail. Continue reading
Posted in auto news, fools 'n frauds, litigation, people, prices
Tagged antitrust, auto informed, autoinformed.com, automotive news, doj, fujikura, Ken Zino, price fixing, sherman act
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G.S. Electech Guilty of Price Fixing Auto Parts
Including G.S. Electech, eight executives and four companies have now been charged and have agreed to plead guilty in the ongoing price fixing investigation so far. Three of the companies have pleaded guilty and have been sentenced to pay criminal fines totaling more than $748 million. Seven of the executives have pleaded guilty and have been sentenced to serve a total of more than 122 months in jail. Continue reading
Posted in auto news, litigation, news, results
Tagged auto informed, auto parts price fixing, autoinformed.com, automotive news, doj, g.s. electech, Ken Zino, price fixing, sherman act
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American Airlines and JetBlue Alliance Blocked
The U.S. Court of Appeals for the First Circuit last Friday affirmed the U.S. District Court for the District of Massachusetts’ ruling in favor of the Justice Department and the Attorneys General of six states and the District of Columbia in their civil antitrust lawsuit to stop the Northeast Alliance between American Airlines and JetBlue. Continue reading →