A PYMNTS Company

US: Gov’t request for stay on car price-fixing case may signal impending crackdown

By  |  August 12, 2013
US: Gov’t request for stay on car price-fixing case may signal impending crackdown

Government officials may be signaling an upcoming wave of crackdowns against price-fixers in the automotive industry with the Department of Justice’s request for a one-year stay on the case, say reports. The Antitrust Division requested a partial one-year stay on its lawsuit against car parts companies accused of price-fixing in what some say hints at new fines and jail time following an eight-month hiatus of prosecution; attorneys say this time next year the case could be much further along. Panasonic Corp., based in Japan, entered guilty pleas on three counts of conspiracy to restrain trade, the first company to do so since Tokai Rika last December. Reports say US District Judge Marianne Battani may decide whether to grant the stay as early as next week.

    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: Auto News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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