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This is an archive article published on July 19, 2013

Three firms to plead guilty

Panasonic Corp,its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells,the US Justice Department said on Thursday. Panasonic agreed to pay about a $45.8 million criminal fine,Sanyo agreed to pay $10.7 million and LG Chem $1.1 million,the department said in a …

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Panasonic Corp,its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells,the US Justice Department said on Thursday.

Panasonic agreed to pay about a $45.8 million criminal fine,Sanyo agreed to pay $10.7 million and LG Chem $1.1 million,the department said in a statement.

 

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