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

Auto parts supplier fined $4.5 million

A Japanese bearings manufacturer, NSK Ltd., has pleaded guilty to two counts of bid-rigging and was fined $4.5 million for its participation in an bid-rigging (see Competition Bureau press release). NSK Ltd. secretly conspired with another Japanese competitor, JTEKT , to submit bids or tenders in response to requests for quotations to supply Manufacturing Inc. JTEKT pleaded guilty to the charges in August, 2013. (See Litigator Article)

As is often the case with international cartels, the Bureau’s was initiated by way of its Immunity Program. The investigation was further benefitted by the cooperation of other companies under the Bureau’s Leniency Program.

The Bureau has stated that this investigation is part of a large international cartel investigation relating to the supply of motor vehicle components.

Yonatan Lipetz (Former Articling Student)
LLP

Yonatan Lipetz (Former Articling Student)

Yonatan Lipetz formerly an Articling Student with Affleck Greene McMurtry LLP

Contributor's Archive