- Posted March 28, 2012
- Tweet This | Share on Facebook
Auto parts executive pleads guilty to price fixing
DETROIT (AP) -- An executive at Japanese auto parts supplier Denso Corp. will serve a one-year prison sentence for price fixing.
The U.S. Department of Justice said Monday that Norihiro Imai pleaded guilty to rigging bids and fixing prices on heater control panels. Imai will pay a $20,000 fine and cooperate with an ongoing investigation.
Imai is one of eight individuals and three companies charged in the government's investigation of the auto parts industry. Yazaki Corp., Furukawa Electric Co. and Denso have all pleaded guilty to the charges and were ordered to pay a combined $748 million in fines.
The government alleges that the companies sold parts to car companies at inflated prices for at least a decade. The investigation has been the largest in the history of the Justice Department's antitrust division.
Published: Wed, Mar 28, 2012
headlines Oakland County
- Attorneys sharpen courtroom skills at inaugural program
- Michigan tax preparers indicted for conspiring to defraud the United States and preparing false tax returns
- Woman pleads no contest on multiple cases, including embezzlement of $90K from her father
- As the country turns 250, retired judges hit the road to defend judicial independence
- Private mobile home water services provider, president sentenced for falsifying water safety, discharge tests
headlines National
- ABA connects death row inmate to pro bono attorneys who help free him
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- 2 judges suspended in separate cases after being indicted on criminal charges
- Convicted ex-judge gets $5K fine but no prison time in immigration case
- Ohio governor signs bill prohibiting foreign litigation funding
- Many small firms collect payments faster than BigLaw counterparts, new data shows
