Auto Parts Exec. Indicted Over Price-Fixing Scheme

Law360, New York (September 11, 2013, 4:02 PM ET) -- A federal grand jury on Wednesday indicted a Japanese auto parts manufacturing executive for conspiring to fix prices of anti-lock braking sensors amid an ongoing federal probe of the industry, the U.S. Department of Justice announced.

The indictment returned by a grand jury in Covington, Ky., charges former G.S. Electech Inc. executive Shingo Okuda with violating the Sherman Antitrust Act by colluding with competitors to sell speed sensor wire assemblies to Toyota Motor Corp. and its U.S. subsidiary that are used in vehicles containing an anti-lock...
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