Australia Fines Mitsubishi $2.2M In Appliance Pricing Probe

Law360, New York (December 20, 2013, 1:26 PM EST) -- Mitsubishi Electric Australia Pty. Ltd. has agreed to pay $2.2 million in fines to settle Australian regulators’ allegations that it pressured an appliance retailer to up the sale price of a Mitsubishi air-conditioning system and revoked the dealer’s discounts when it refused, according to a court order issued Thursday.

A Federal Court of Australia judge approved the deal between the company and the Competition and Consumer Commission, which accused Mitsubishi of breaking Australian competition law by downgrading Mannix Electrical Pty. Ltd. from its preferential status as...
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