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 the financial means to pay the stiff fines the companies are facing for flouting antitrust...
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