price fixing – Tickle The Wire

Japanese Auto Suppliers to Plead Guilty to Price Fixing in US

allan13 years ago11 years ago01 mins

By Danny Fenster ticklethewire.com Two Japanese suppliers of electrical auto components have agreed to plead guilty and to pay out $548 million in criminal fines in a price-fixing and bid-rigging scheme, the FBI announced on their blog this week. Four executives of auto parts sales companies, all Japanese nationals, also agreed to plead guilty, according…

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Cargo Shipping Firms Agree to Pay $50.2 Million Criminal Fines in Price Fixing Scheme

allan14 years ago14 years ago02 mins

By Allan Lengel ticklethewire.com WASHINGTON — Six international freight companies agreed this week to pay criminal fines totaling $50.2 million for their role in a price fixing scheme involving international cargo, the Justice Department said. “The department’s investigation uncovered six different conspiracies harming businesses and consumers in the United States and across the globe,” Christine…