Yazaki Exec Agrees To Jail Time For Auto Parts Price-Fixing

Law360, New York (August 16, 2012, 2:28 PM EDT) -- An executive of Japanese auto parts supplier Yazaki Corp. agreed Thursday in Michigan federal court to plead guilty to criminal antitrust violations and serve jail time, marking the latest casualty of U.S. regulators' sprawling price-fixing and bid-rigging probe into the industry.

Toshio Sudo admitted to a one-count felony charge of violating the Sherman Act by colluding with other parts suppliers in order to coordinate their bids to automakers for instrument panel clusters, according the U.S. Department of Justice. The agency said the conspiracy allowed Yazaki and...
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