Violation Tracker Individual Record

Company: 
Panasonic Corp.
Current Parent Company: 
Panasonic
Penalty: 
$49,100,000
Year: 
2010
Date: 
September 30, 2010
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Panasonic Corporation and a Whirlpool Corporation subsidiary, Embraco North America Inc., agreed to plead guilty and to pay a total of $140.9 million in criminal fines for their role in an international conspiracy to fix the prices of refrigerant compressors used in refrigerators and freezers in homes and businesses.

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 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.