Nichicon to plead guilty to fixing prices of electrolytic capacitors
11/07/2017 21:37
WASHINGTON, July 11 (Reuters) - Japan's Nichicon Corp
6996.T will plead guilty to fixing the prices of electrolytic
capacitors, used in a range of electronics to store and regulate
current, and will pay a $42 million fine, the Justice Department
said on Tuesday.
Nichicon is the seventh company to be charged with
price-fixing in the industry while 10 people have been charged,
according to Marvin Price, director of the Antitrust Division's
criminal enforcement unit.
(Reporting by Diane Bartz; Editing by Chris Reese)
((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;))
Keywords: NICHICON PRICEFIXING/