Japanese Auto Exec Gets 15 Months For Price-Fixing Plot

Law360, New York (January 11, 2012, 6:59 PM EST) -- An executive of Japanese automotive wire harness supplier Furukawa Electric Co. Ltd. was sentenced Wednesday in Michigan federal court to 15 months in prison and fined $20,000 after pleading guilty to participating in a nearly decadelong price-fixing and bid-rigging conspiracy.

Hirotsugu Nagata and co-conspirator Junichi Funo pled guilty in October to one-count felony charges brought by the U.S. Department of Justice's Antitrust Division. Prosecutors had alleged they were involved in a plot to rig bids for automotive wire harnesses and related products sold to customers abroad....
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