ARTICLE
20 August 2013

Bearing Manufacturer Rigged Bids, Fined $5 Million

AG
Affleck Greene McMurtry LLP

Contributor

Affleck Greene McMurtry LLP represents businesses involved in complex litigation, competition law, and administrative proceedings in Canada. AGM’s clients include national and international financial institutions, investment houses, construction and mining companies, manufacturers, insurance companies, governments, and other medium- and large-sized enterprises.
Japanese bearings manufacturer JTEKT Corporation has pleaded guilty to rigging bids for parts for Toyota vehicles and was fined $5 million, the Competition Bureau announced recently.
Canada Antitrust/Competition Law

Japanese bearings manufacturer JTEKT Corporation has pleaded guilty to rigging bids for parts for Toyota vehicles and was fined $5 million, the Competition Bureau announced recently.

JTEKT obtained leniency in exchange for cooperating with the Bureau's inquiry.

Including this conviction, the Bureau has racked up three convictions and $40 million in fines in its ongoing auto parts investigations. (See Litigator articles on previous auto parts convictions here and here)

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