JFTC Charges Japanese Bearing Cos. With Price-Fixing

Law360, New York (June 14, 2012, 4:58 PM EDT) -- The Japan Fair Trade Commission on Thursday brought a criminal accusation against a trio of industrial machinery and automotive bearing manufacturers, saying the companies worked together to fix prices for their merchandise in violation of Japanese antitrust law.

Japan's antitrust regulator charged NSK Ltd., NTN Corp. and Nachi-Fujikoshi Corp., as well as various employees of the three companies, alleging they conspired to raise the price of their bearings, nearly a year after the regulator raided the offices of the companies under antitrust concerns.

"These companies, as...
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