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Violation Tracker Individual Record

Company: Toray Industries Inc.
Current Parent Company: Toray Industries
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $15,250,000
Year: 2008
Date: May 23, 2008
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Toray Industries Inc., a Japanese company, and its U.S. subsidiary, Toray Composites (America) Inc., agreed to pay the United States $15.25 million to settle a lawsuit alleging that they conspired to fix prices on carbon fiber, a graphite substance used in aircraft, ammunition and satellites procured by the United States.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: civil
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals; advanced materials
Source of Data: (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.