A PYMNTS Company

Japan: Latest US car parts fines net $1.44M

By  |  November 28, 2013

The US Department of Justice scored another win Wednesday as it announced a $1.44 million fine issued to Japan’s Stanley Electric Co. for fixing car parts prices, the latest in a string of sanctions in the widespread investigation.

The company reportedly agreed to plead guilty to conspiring to fix lamp ballast prices; the parts regulate electricity in automobiles and were sold within the US.

The company marks the 23rd firm to have plead guilty to the charges.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.