Auto Parts Co. Fujikura To Pay $20M For Price Fixing

Law360, New York (April 23, 2012, 6:33 PM EDT) -- Japanese-based automotive parts manufacturer Fujikura Ltd. has agreed to pay a $20 million fine and plead guilty to conspiring to fix prices of wire harnesses and related parts installed in U.S. cars in a Michigan case, the U.S. Department of Justice announced Monday.

In a criminal information filed Monday, federal prosecutors accused Fujikura of conspiring to fix the prices of automotive wire harnesses, which are used to control electronic components and wiring, sold to an unnamed American automaker from at least January 2006 to February 2010....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.