The Litigator

THE LITIGATOR

Commentary on Law Affecting Business

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

Record $5 million bid rigging fine for auto parts maker

The Ontario Superior Court of Justice recently ordered Furukawa Electric Co. Ltd., a Japanese supplier of motor vehicle components, to pay a fine of $5 million after it pleaded guilty to participating in an international bid-rigging conspiracy. To date, this is the largest fine a court has imposed in Canada for a bid-rigging offence under the Competition Act.

Furukawa and other Japanese vehicle components manufacturers conspired to submit bids or tenders when requests for quotations were made to supply Honda with motor vehicle components. Furukawa sold various electrical boxes and junction blocks to Honda during 2000 to 2010 for the 2001 and 2006 Honda Civic models. The volume of commerce affected in Canada was about $41 million.

Furukawa participated in the Bureau’s Leniency Program.

The Bureau’s investigation continues.

For more information, 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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