DOJ Antitrust Division Subpoenas Valeo's US Unit

Law360, New York (July 22, 2011, 5:34 PM EDT) -- French auto parts maker Valeo SA said Friday that the U.S. Department of Justice's Antitrust Division had subpoenaed its Michigan-based U.S. unit for documents and information on its products.

The DOJ served the subpoena on Troy, Mich.-based Valeo Inc. on Tuesday seeking details related to products Valeo manufactured or supplied. The French parts manufacturer provided scant details about the subpoena, saying that additional information was not available.

“It is Valeo’s policy to prohibit anti-competitive behavior. Valeo will fully cooperate with the authorities in this investigation,” the...
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