Violation Tracker Individual Record
Company:
Panasonic Corp.
Current Parent Company:
Panasonic
Penalty:
$56,500,000
Year:
2013
Date:
July 18, 2013
Primary Offense:
price-fixing or anti-competitive practices
Violation Description:
Panasonic Corp. and its subsidiary, SANYO Electric Co. Ltd., agreed to plead guilty and to pay a total of $56.5 million in criminal fines for their roles in separate price-fixing conspiracies involving automotive parts and battery cells.
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:
electrical and electronic equipment
Specific Industry of Parent:
consumer electronics
Source of Data:
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.
