Japan FTC To Fine Mitsubishi, Sekisui $108M: Report

Law360, New York (February 17, 2009, 12:00 AM EST) -- The Japan Fair Trade Commission will reportedly fine chemical companies Sekisui Chemical Co. and Mitsubishi Plastics Inc. a total of 10 billion yen ($108 million) for allegedly taking part in a cartel to fix the prices of vinyl chloride pipes.

Sekisui will likely pay around 7 billion yen ($76 million) and Mitsubishi will likely pay around 3 billion yen ($32 million) for allegedly violating Japan's anti-monopoly law, Nikkei reported Monday, citing sources in the commission. Sekisui's fine is the largest the commission has levied so far....
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.