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Violation Tracker Individual Record

Company: NEC Corp.
Current Parent Company: NEC Corp.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $2,500,000
Year: 2020
Date: December 10, 2020
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: As part of a long-running and complex antitrust case, NEC agreed to pay $2.5 million to indirect purchasers to settle allegations that it conspired with other companies to fix the price of lithium-ion batteries.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 4:13md2420
Case Name: In Re: Lithium Ion Batteries 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: information technology
Specific Industry of Current Parent: information technology
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (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.