Feds OK Eagle Eyes Leniency Request In Price-Fixing Case
By Jonathan Randles (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 the financial means to pay the stiff fines the companies are facing for flouting antitrust...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!