Antitrust & Trade Reg.
Sep. 14, 2011
Auto-parts distributor to pay hefty fine
An auto-parts distributor in California has agreed to pay a $43 million fine as part of a plea agreement to settle a price-fixing conspiracy charge, the U.S. Justice Department announced Monday.
By Robert Iafolla
Daily Journal Staff Writer
WASHINGTON - An auto-parts distributor in California has agreed to pay a $43 million fine as part of a plea agreement to settle a price-fixing conspiracy charge, the U.S. Justice Department announced Monday.
Maxzone Vehicle Lighting Corp. in Fontana, a subsidiary of the of Taiwanese auto-lights maker Depo Auto Parts Industrial Co. Ltd., became the second California distributor to reach a deal with prosecutors related to an...
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