Jan 7, 2015

Toyoda Gosei exec jailed in U.S. for fixing auto parts prices

A former executive of an auto parts supplier was been sentenced to prison in the United States after pleading guilty Tuesday to fixing prices. Makoto Horie, formerly senior vice president of sales at the U.S. arm of Toyoda Gosei, pleaded guilty to one felony ...

Dec 30, 2014

U.S. fines Japanese shipper NYK for price-fixing

U.S. justice authorities fined Japanese shipper NYK $59.4 million Monday for conspiring with other companies to fix the prices of transporting cars to and from the United States. “NYK conspired to suppress and eliminate competition by allocating customers and routes, rigging bids and fixing ...

Jul 17, 2014

Apple may refund $400 million in digital book settlement

Apple will refund up to $400 million to consumers ensnared in a plot to raise the prices of digital books unless the company gets a court to overturn a decision affirming its pivotal role in the collusion. The settlement bill emerged in a Wednesday ...

Jul 1, 2014

Denso exec heads to jail in U.S. price fixing

A Denso Corp. executive will serve about a year in a United States prison after admitting to fixing the prices of auto parts in the U.S. and elsewhere, the Justice Department said Monday. The executive conspired to fix the prices of vehicle instrument panel ...

Apr 17, 2014

Former Bridgestone exec to plead guilty to price fixing

A former Japanese executive of major tire maker Bridgestone Corp. has agreed to plead guilty to his involvement in automobile parts price fixing in the United States, the Department of Justice said Wednesday. Yusuke Shimasaki has agreed to serve 18 months in prison and ...

Feb 21, 2014

Ex-Denso exec to be jailed in U.S. over obstructing cartel probe

A former executive of Japanese auto parts maker Denso Corp. will be jailed in the United States after pleading guilty to obstructing a 2010 investigation of a price-fixing allegation, the U.S. Justice Department said Thursday. The move was part of the department’s probe of ...

Jan 9, 2014

FTC accuses five auto-carrying shipping firms of price-fixing

The Fair Trade Commission plans to fine five shipping firms a total of some ¥22 billion for fixing fares on shipments of vehicles for export, sources said Thursday. The antitrust regulator has already started notifying the carriers, including industry leaders Mitsui O.S.K. Lines Ltd., ...

Nov 27, 2013

Toyo Tire will pay $120 million U.S. cartel fine

Toyo Tire & Rubber Co. has agreed to plead guilty and pay a $120 million fine for its role in price-fixing of automobile parts in the United States, the U.S. Justice Department said Tuesday. The company repeatedly rigged bids for anti-vibration rubber parts for ...

Nov 22, 2013

Auto execs face jail for fixing U.S. seat belt prices

Three executives of seat belt supplier Takata Corp. were facing prison Thursday after pleading guilty to a conspiracy to fix prices. In the latest chapter of a Justice Department probe into the auto parts industry spanning more than a decade, the trio admitted to ...

Sep 25, 2013

Panasonic group exec indicted for price fixing in U.S.

An executive of a Panasonic Corp. group firm has been indicted by a federal grand jury in Detroit for allegedly participating in a price-fixing cartel for auto parts, the U.S. Department of Justice said. From January 2004 to February 2010, and possibly longer, Shinichi ...

Jul 31, 2013

JPMorgan to settle market-rigging case

On March 14, 2011, Blythe Masters, head of JPMorgan Chase’s global commodities group, asked one of her top deputies why California power officials were making ominous inquiries into the bank’s arcane and lucrative business of selling electricity. Five months earlier, Masters had been given ...