Stanley Electric Fined $1.4M For Auto Part Price-Fixing

Law360, New York (November 27, 2013, 2:24 PM EST) -- A Tokyo-based manufacturer of car lights that allegedly conspired with competitors to rip off U.S. automakers by fixing the prices of a headlamp component has agreed in a plea deal to pay a $1.44 million criminal fine, the U.S. Department of Justice said Wednesday.

Stanley Electric Co. Ltd. admitted to participating in a scheme to set the prices of high-intensity-discharge lamp ballasts used in car headlights, and the Japanese company pledged to cooperate with the DOJ on its far-reaching investigation into price-fixing and bid-rigging in the...
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