Japan To Levy $171M Fine On Fiber-Optic Cable Cartel

Law360, New York (April 14, 2010, 5:40 PM EDT) -- The Japan Fair Trade Commission reportedly will likely impose surcharges totaling around 16 billion yen, or about $171 million, on fiber-optic cable parts makers for operating a cartel.

The cartel operated in the sale of devices ordered by two regional phone units of Nippon Telegraph and Telephone Corp., Tokyo-based news agency Kyodo News reported Wednesday.

Japan's anti-monopoly agency probed some ten companies, including Advanced Cable Systems Corp. and Hitachi Cable Ltd., for possible violations, according to Dow Jones.

The companies are suspected of having formed a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.