A Japanese auto parts supplier pleaded guilty to a single count of
antitrust violations. Maruyasu Industries pleaded guilty to bid rigging in a federal case originating from Ohio.
According to federal investigators, the company rigged bids for fuel lines and also brake parts. The bid rigging involved Nissan, to which Maruyasu apologized. The company also indicated that its anticompetitive practices had ended more than a decade earlier. Additionally, the company will pay a $12M fine.
As part of the agreement, US authorities dropped criminal charges against the company’s US subsidiary and also several company executives. A Department of Justice spokesperson noted that the department’s enforcement actions have resulted in the collection of nearly $3B in fines. They have also prosecuted 46 companies and nearly 3 dozen individuals. The DOJ investigated bid rigging and price fixing among several auto parts suppliers.
California antitrust attorney
When you face charges for anticompetitive practices, hire an experienced antitrust attorney like Robert Helfend. Mr. Helfend has nearly 35 years of experience in criminal courtroom defense. He takes federal criminal cases in any federal circuit in the United States.
Criminal anticompetitive practices include price fixing, bid rigging and market allocation schemes. These actions can result in criminal sanctions against both companies and individuals. In addition, civil courts can hear certain antitrust actions. Corporate convictions often produce high-dollar fines. Convicted executives may face prison sentences, fines and other restrictions.
An experienced attorney will help you navigate the complex antitrust criminal process. Despite the high federal conviction rate, you have options when you face federal criminal charges. Don’t assume that there’s nothing you can do, or that pleading guilty is your only option.
Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your criminal antitrust case.
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