The US District Court for the Eastern District of Kentucky indicts an executive officer who is accused of agreeing to coordinate bids and fix prices of automotive parts (US / Shingo Okuda, G.S. Electech)

The Auto Parts Antitrust Case: Is This What Success Looks Like?* Wow, what a success! The Antitrust Division recently announced that its investigations in the auto parts market uncovered “separate conspiracies to fix the prices of more than 30 different products sold to US car manufacturers ….” [1] This adds to the results thus far in the investigation, with guilty pleas from 20 companies and fines of over $1.6 billion. Seventeen executives are either in or headed to prison. And ongoing investigations mean more are in the works. In the words of the head of criminal enforcement in the Division, “The deterrent impact of their sentences should resonate in boardrooms around the world.” But wait, should this make us feel comfortable about antitrust enforcement and compliance? These

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  • Compliance Strategists (New York)

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Joe Murphy, The US District Court for the Eastern District of Kentucky indicts an executive officer who is accused of agreeing to coordinate bids and fix prices of automotive parts (US / Shingo Okuda, G.S. Electech), 11 September 2013, e-Competitions September 2013, Art. N° 59075

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