U.S.: Tokai Rika is latest to plead guilty in auto bid-rigging, price-fixing charges
The Justice Department has achieved a new victory in its longstanding investigation into price-fixing and bid-ridding among auto suppliers in Tokai Rika Co. Ltd’s guilty plea. The Japan-based supplier, has agreed to pay $17.7 million in criminal fines along with the guilty plea. They are the ninth auto supplier to plead guilty under the investigation. According to the plea, the company had committed antitrust violations between September 2003 and February 2010 of rigging bids and fixing prices of HCPs sold to Toyota in the U.S. and other locations.
Full Content: Auto Insider
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI