A PYMNTS Company

US: DOJ’s largest antitrust probe likely to earn even more guilty pleas

 |  September 30, 2013

As part of the US Department of Justice’s largest antitrust case, nine auto parts companies and two executives have already pleaded guilty to bid-rigging charges. But as the case begins to wind down, reports say additional guilty pleas are likely to come in.

    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.

    The DOJ announced that nine car parts suppliers agreed to a $740 million fine and a guilty plea to bid-rigging charges, adding to the more than $1.6 billion in fines issued in the case since September 2011.

    But an antitrust lawyer advising several companies accused in the DOJ’s case says that even more guilty pleas will likely be entered, as the nine that agreed to the fines last week had co-conspirators.

    Reports say, however, that the DOJ is using an extensive leniency program for firms that implicate others in the bid-rigging cartel.

    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.