Corning Settles Calif.'s Auto Part Bid-Rigging Accusations
Law360 (July 16, 2020, 4:16 PM EDT) -- California announced Wednesday it reached a settlement of just over $583,000 with auto parts manufacturer Corning Inc. and its subsidiary over claims the entities for decades rigged bids for a part used in vehicle emissions control.
The California Attorney General's Office said Corning, its subsidiary Corning International Kabushiki Kaisha and other auto parts manufacturers agreed to suppress and eliminate competition for ceramic substrates — a part installed in catalytic converters, which turn certain pollutants expelled by vehicles into less harmful gases.
Corning and CIKK did so by bid-rigging and fixing prices for the part when selling to automobile manufacturers, according to California Attorney General Xavier Becerra's complaint filed...
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