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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.

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