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Violation Tracker Individual Record

Company: Mitsubishi Electric Corporation
Current Parent Company: Mitsubishi Electric
Penalty: $75,000,000
Year: 2017
Date: June 8, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: In a lengthy case, Mitsubishi Electric agreed to pay $75 million to direct purchaser plaintiffs to settle its role in a conspiracy to fix the prices of computer cathode ray tubes for a dozen years starting in the mid-1990s.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 4:07cv5944, Mdl No. 1917
Case Name: In re: Cathode Ray Tube (CRT) 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: electrical and electronic equipment
Specific Industry of Current Parent: electrical and electronic products
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.