DOJ Widens Antitrust Probe Into Auto Parts Industry

Law360, Los Angeles (February 15, 2013, 7:14 PM EST) -- A criminal investigation into price fixing and bid rigging in the auto parts industry between 2000 and 2010 has expanded to new products and could also ensnare new companies, a top Department of Justice official confirmed Friday.

Scott D. Hammond, deputy assistant attorney general in the DOJ's Antitrust Division, said the probe is broader than previously announced and could be the biggest of its kind.

"It's still very much ongoing, but it already appears to be the biggest criminal antitrust investigation that we've ever encountered," Hammond...
To view the full article, register now.

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.