Consumers Sue Yazaki, Denso After $548M Price-Fixing Plea

Law360, New York (February 1, 2012, 8:41 PM EST) -- Japanese auto part suppliers Yazaki Corp. and Denso Corp. were hit Tuesday with proposed antitrust class actions by consumers in Michigan federal court, a day after the companies pled guilty to criminal price-fixing charges and agreed to pay $548 million.

Under Monday's plea deal with the U.S. Department of Justice, Yazaki will pay $470 million and four of its executives will serve prison terms of up to two years for their role in conspiring to rid bigs and fix prices for automotive electrical components. Denso separately...
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