Japanese Auto Exec Gets 15 Months For Price-Fixing Plot

Law360, New York (January 11, 2012, 6:59 PM EST) -- An executive of Japanese automotive wire harness supplier Furukawa Electric Co. Ltd. was sentenced Wednesday in Michigan federal court to 15 months in prison and fined $20,000 after pleading guilty to participating in a nearly decadelong price-fixing and bid-rigging conspiracy.

Hirotsugu Nagata and co-conspirator Junichi Funo pled guilty in October to one-count felony charges brought by the U.S. Department of Justice's Antitrust Division. Prosecutors had alleged they were involved in a plot to rig bids for automotive wire harnesses and related products sold to customers abroad....
To view the full article, register now.

Related

Sections

Case Information

Case Title

United States of America v. Nagata


Case Number

2:11-cr-20615

Court

Michigan Eastern

Nature of Suit

Date Filed

September 29, 2011

Law Firms

Companies

Government Agencies

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.