Hitachi Chemical has agreed to plead guilty to conspiring to fix the prices of electrolytic capacitors used in a broad range of electronic products and automobiles, the Justice Department said on Wednesday.
Hitachi Chemical will plead guilty to one felony count of fixing prices of the devices between 2002 and 2010, the department said.
In January, Japan’s NEC Tokin Corp settled charges that it also conspired to fix the prices of the electrolytic capacitors.
The capacitors, or condensers, are used in car engines and airbags as well as a broad range of consumer electronics such as computers and televisions.
Attempts to reach Hitachi Chemical for comment were not immediately successful.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI