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Violation Tracker Individual Record

Company: Aisin Seiki Co., Ltd
Current Parent Company: Aisin Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $18,620,000
Year: 2017
Date: July 10, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Aisin Seiki agreed to pay over $18 million to end-payor plaintiffs to settle its role in price-fixing of valve timing control devices.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Michigan
Civil or Criminal Case: civil
Case ID: 2:12-md-02311
Case Name: Automotive Parts Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: automotive parts
Specific Industry of Current Parent: automotive parts
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.