Hitachi Must Pay $55M For Shock Absorber Price-Fixing

Law360, New York (February 16, 2017, 4:59 PM EST) -- An Ohio federal judge on Thursday fined Japanese auto parts maker Hitachi Automotive Systems Ltd. $55.48 million for manipulating the market for shock absorbers, following a U.S. Department of Justice recommendation last week.

Hitachi was previously charged with violating the Sherman Act in connection with its manufacture and sale of other auto parts in 2013. (AP) U.S. District Judge Michael Barrett also placed an 18-month probation period on the company, which had pled guilty to violating federal antitrust law in the shock absorber market in September,...
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.