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

Toyo Fine Brings Auto Parts Total to $58m

Another has been levied in the Bureau’s auto parts investigation, bringing the total amount of fines to $58 million.

Auto partsYesterday, the Bureau announced that Toyo Tires & Rubber Co., Ltd. has pleaded guilty to 3 counts of rigging bids for the supply of anti-vibration components to Motor Corp., Ltd., and has been fined $1.7 million. The bid-rigging happened between 2004 and 2006 in response to a request for quotes issued by Toyota.

The Bureau was alerted to the impugned agreements, which were formed between 2004 and 2006, through its Immunity Program. Toyo is one of a number of firms who have assisted the Bureau in its through the Leniency Program, in which cartel participants provide information to the Bureau in exchange for more lenient treatment in sentencing.

Previous developments in the Bureau’s auto parts investigation include:

  • December 11, 2014: Yamashita Rubber Co., Ltd. was fined $4.5 million for rigging bids for anti-vibration components
  • August 20, 2014: DENSO Corporation was fined $2.45 million for rigging bids for body electronic control units.
  • February 20, 2014:  Corporation was fined $4.7 million for rigging bids for certain types of switches and sensors.
  • January 30, 2014: NSK Ltd. was fined $4.5 million for rigging bids for automotive wheel hub unit bearings.
  • July 12, 2013: JTEKT Corporation was fined $5 million for rigging bids for automotive wheel hub unit bearings.
  • April 18, 2013: Yazaki Corporation was fined $30 million for rigging bids for wire harnesses.
  • April 4, 2013: Furukawa Electric Co., Ltd. was fined $5 million for rigging bids for electrical boxes.

 

Daphne Hooper
LLP

Daphne Hooper

Daphne is a former associate of Affleck Greene McMurtry LLP

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