Japanese Auto Suppliers To Pay $548M In Price-Fixing Case

Law360, New York (January 30, 2012, 4:54 PM EST) -- Japanese auto part suppliers Yazaki Corp. and Denso Corp. agreed Monday to pay $548 million to resolve a federal price-fixing and bid-rigging probe in Michigan federal court while four Yazaki executives agreed to serve prison time in the U.S. for their roles in the alleged plot.

Yazaki's guilty plea comes with a $470 million price tag, making it the second-largest criminal fine ever in a Sherman Act case, the U.S. Department of Justice said Monday. Denso, meanwhile, agreed to pay $78 million to exit the investigation....
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