Violation Tracker Individual Record

Company: 
Bridgestone Corp.
Current Parent Company: 
Bridgestone
Penalty: 
$28,000,000
Year: 
2011
Date: 
September 15, 2011
Primary Offense: 
price-fixing or anti-competitive practices
Secondary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

Bridgestone Corporation agreed to plead guilty and to pay a $28 million criminal fine for its role in conspiracies to rig bids and to make corrupt payments to foreign government officials in Latin America related to the sale of marine hose and other industrial products manufactured by the company and sold throughout the world.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts-tires
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.