Panasonic, Whirlpool Execs Charged In Price-Fixing Sting

Law360, New York (September 27, 2011, 6:36 PM EDT) -- A grand jury in Michigan on Tuesday indicted former executives of Panasonic Corp., Whirlpool Corp. and Tecumseh Products Co. for their alleged participation in an international refrigerant compressor price-fixing scheme.

The indictment is the first in an ongoing investigation by the U .S. Department of Justice into price-fixing and other anti-competitive practices in the worldwide refrigerant compressor market.

“Cracking down on international price-fixing cartels has been, and will continue to be, among the most significant priorities for the Antitrust Division,” Sharis Pozen, acting head of the...
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