- Posted June 13, 2012
- Tweet This | Share on Facebook
Justice Dept. says Autoliv agrees to plead guilty
WASHINGTON (AP) -- The Justice Department says Autoliv Inc. of Sweden has agreed to plead guilty in a conspiracy to fix prices of seatbelts, airbags and steering wheels installed in some U.S. cars.
In an ongoing investigation of the auto parts industry, the Justice Department also says an executive of Japanese-based Yazaki Corp. has agreed to plead guilty in a conspiracy to fix prices of auto wire harnesses and related products on U.S. cars.
Under the agreement, Autoliv will pay a $14.5 million criminal fine and Yazaki executive Kazuhiko Kashimoto will serve 14 months in a U.S. prison.
To date, six companies and 10 people have been charged in the investigation of price fixing and bid rigging in the auto parts industry.
Published: Wed, Jun 13, 2012
headlines Oakland County
- Associations gather for Spring Fling
- Supreme Court denies rehearing request by attorneys sanctioned for meritless election lawsuit
- Law school conducts ‘Know Your Rights Day’ for high school students
- Oakland County household hazardous waste dropoff events promote environmental stewardship and safeguard communities
- Nessel testifies in support of BRITE Act
headlines National
- Incarceration series includes female inmates but doesn’t tell full story
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Former DOJ official who alleged election fraud violated at least one ethics rule, ethics committee says
- Winston & Strawn will provide reduced-cost legal services for routine tasks under Winston Legal Solutions umbrella
- Should Justice Sotomayor retire? Chemerinsky, White House haven’t joined calls for her to step down
- Which BigLaw firms are increasing lateral associate hiring the most? One made legal headlines last year