A PYMNTS Company

US: Auto suppliers can’t escape feds in price-fixing suit

By  |  June 11, 2013

Several automotive suppliers named in a federal price-fixing suit have been denied their request to have the case dismissed. The companies, which include Lear Corp., Tokai Rika Co. and its subsidiary Tram Inc., filed motions to have the case tossed last July. Those motions have been denied, however. Dozens of companies are accused of fixing prices of wire harnesses after an investigation was conducted in 2010 by the FBI. Several companies have reportedly already pleaded guilty to the charges. The companies are being tried in Detroit in a case overseen by US District Judge Marianne Battani.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Automotive News

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