Auto Lights Exec Gets 14-Month Sentence For Price-Fixing

Law360, San Francisco (January 22, 2013, 8:06 PM EST) -- A California federal judge on Tuesday sentenced Homy Hong-Ming Hsu, the vice chairman of Taiwanese auto lights manufacturer Eagle Eyes Traffic Industrial Co. Ltd., to 14 months in prison for participating in a seven-year, $88 million international conspiracy to fix prices on aftermarket auto lights.

U.S. District Court Judge Richard Seeborg imposed the sentence, shorter than the 27 months urged by attorneys with the U.S. Department of Justice, after hearing arguments from both sides that Hsu was a key player in the price-fixing cartel but also...
To view the full article, register now.

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

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.