The Litigator

THE LITIGATOR

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The Litigator
AGM :: Affleck Greene McMurtry LLP

THE LITIGATOR

Affleck Greene McMurtry LLP
365 Bay Street, Suite 200  ·  Toronto, Canada
416 360 2800  ·  info@agmlawyers.com  ·  www.thelitigator.ca

Japanese auto-parts maker to pay record $30 million fine for bid-rigging

Yazaki Corporation was fined $30 million after pleading guilty to rigging bids for wire harnesses supplied to Honda and Toyota for the 2005.5 Honda Ridgeline, 2006 Honda Civic and 2006 Toyota Corolla/Matrix models. The volume of commerce affected in Canada was about US $260 million.

This is the largest fine ever to be ordered for bid-rigging in Canada. It eclipses the previous record, which was set only one week before, when Furukawa Electric was fined $5 million for rigging bids for electrical boxes, such as fuse boxes, relay boxes and junction blocks, sold to Honda between 2000 and 2010, for the 2001 and 2006 Honda Civic models.

Yazaki participated in the Bureau’s Leniency Program.

The Bureau’s investigation continues.

Bid-rigging is a serious criminal offence under the Competition Act, punishable by up to 14 years imprisonment, plus a fine in the discretion of the court.

Read the Bureau’s press release.

Masiel A. Matus
Affleck Greene McMurtry LLP

Masiel A. Matus

Masiel has a broad commercial litigation practice and represents both national and international clients in a variety of complex matters. Masiel has experience litigating cases involving professional negligence, commercial leasing and real property disputes, insurance, contract disputes, shareholder disputes, fraud, breach of fiduciary duty, breach of trust, employment matters and defamation claims.

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