A Northern California judge fined a Japanese corporation more than $54M for antitrust violations. Nichicon Corporation makes capacitors and other electronic components. Federal authorities accused Nichicon of price fixing.
The company agreed to plead guilty to price fixing, after being charged in July 2017. According to authorities, the company participated in the anticompetitive scheme from 2001 to 2011. The company is among seven components producers identified by the Department of Justice.
The company also faces fine from other countries as part of a European Union probe into price fixing. Earlier this year, the EU fined the company nearly $90M. Taiwan, Japan and Singapore have also fined the company for anticompetitive practices.
The Department of Justice investigated a number of companies for a range of antitrust violations. The investigation centered around capacitor manufacturers. Capacitors play an important role in electronic devices. Federal regulators say the conspiracy to fix prices succeeded in affecting the prices of consumer electronics.
The company’s criminal fine does not exclude the possibility that company executives may also face criminal charges in the matter.
Los Angeles Antitrust lawyer
When you face criminal antitrust charges, hire an experienced criminal antitrust attorney like Robert Helfend. Mr. Helfend has nearly 35 years of experience in both federal and state criminal courts. He takes federal defense cases in any circuit in the United States.
Federal prosecutors are well funded, and have a conviction rate that exceeds 90%. That doesn’t mean you can’t prevail in court, but it does underscore the need for an exceptional attorney. Don’t risk your career, your financial well-being and your freedom on an inexperienced attorney.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County antitrust case.
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