Auto Parts Exec Pleads Guilty To Price-Fixing Scheme

Law360, New York (November 16, 2012, 6:01 PM EST) -- An executive at the U.S. unit of a Japanese automotive supplier pled guilty Friday in Ohio federal court for participating in a conspiracy to fix prices and rig bids of anti-vibration rubber parts.

In his plea agreement, Hiroshi Yoshida, an executive at the Ohio-based U.S. subsidiary of an unnamed anti-vibration rubber supplier headquartered in Saitama, Japan, agreed to serve 12 months and one day in prison, to pay a $20,000 criminal fine and to cooperate with the U.S. Department of Justice's ongoing investigation.

The criminal charges...
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