Violation Tracker Individual Record

Company: 
NGK Insulators Ltd.
Current Parent Company: 
NGK Insulators
Penalty: 
$65,300,000
Year: 
2015
Date: 
September 3, 2015
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Automotive parts supplier NGK Insulators Ltd. has agreed to plead guilty and to pay a $65.3 million criminal fine for its role in a conspiracy to fix prices and rig bids for ceramic substrates for automotive catalytic converters supplied to automobile manufacturers. The company will also plead guilty to obstruction of justice.

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
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.