Bridgestone To Pay $425M In Auto Parts Price-Fixing Dragnet

Law360, New York (February 13, 2014, 3:17 PM EST) -- Bridgestone Corp. agreed Thursday to pay a $425 million criminal fine and plead guilty for its role in a conspiracy to manipulate prices on anti-vibration rubber parts installed in U.S. cars, becoming the latest auto parts manufacturer ensnared in the U.S. Department of Justice's industry probe.

The plea agreement, which is still subject to approval in Ohio federal court, covers Tokyo-based Bridgestone's participation in an eight-year plot to rig bids and set prices on anti-vibration rubber parts sold to a number of car makers, including Toyota...
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.