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

Panasonic fined $4.7 million

Corporation was fined $4.7 million after pleading guilty to rigging bids for certain types of switches and sensors supplied to for various cars, the Competition Bureau announced today.

Panasonic’s conviction is the fifth in the Bureau’s investigation, bringing total fines to $49.2 million. See our Auto Parts Investigation table.

This is also Panasonic’s second conviction for Competition Act offences. In 2010, it pleaded guilty and was fined $1.5 million for fixing the price of hermetic compressors used in refrigeration equipment.