Feds OK Eagle Eyes Leniency Request In Price-Fixing Case

Law360, New York (October 11, 2012, 3:59 PM EDT) -- Federal prosecutors said Wednesday they won't challenge Taiwanese auto lights manufacturer Eagle Eyes Traffic Industrial Co. Ltd.'s request to pay a lenient $5 million fine after agreeing to plead guilty to charges that the company and its U.S. distributor were involved in an international conspiracy to fix prices on aftermarket auto lights.

According to the U.S. Department of Justice, Eagle Eyes and U.S. distributor E-Lite Automotive Inc. said that while the companies' illegal cartel activity cost consumers tens of millions of dollars, they do not have...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Magistrate judge case number: 


Case Number

3:11-cr-00488

Court

California Northern

Nature of Suit

Date Filed

July 19, 2011

Law Firms

Government Agencies

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.