Australia Sues Japan Ball Bearing Co. Over Alleged Cartel

Law360, New York (July 15, 2013, 3:21 PM EDT) -- Australia's competition watchdog said Monday it has lodged a civil case against JTEKT Corp.'s Koyo Australia Pty. Ltd., saying the company has admitted to taking part in a cartel that increased prices of bearings used in automobiles and machinery.

The Australian Competition & Consumer Commission's civil proceedings, launched in the Federal Court of Australia in Sydney, allege that Koyo and at least two of its rivals participated in two separate cartels affecting the supply of ball and roller bearings used in motor vehicles, mining conveyors and...
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