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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.