All Posts Tagged Tag: ‘Bridgestone’

Bridgestone Executive Jailed For Price Fixing

Bridgestone executive Yusuke Shimasaki this week pleaded guilty to charges related to an international car part price-fixing and bid-rigging conspiracy. Two other Bridgestone executives, Yasuo Tyuto and Isao Yoshida, were also indicted this week for their roles in the conspiracy. Shimasaki will serve one year and six months in prison and pay a $20,000 fine. As part of the plea …

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Bridgestone fined $425 Million For Price Fixing

The U.S. Department of Justice today announced that Bridgestone Corp has agreed to plead guilty to charges related to automotive industry price fixing. The company will pay a $425 million fine for colluding to artificially raise prices on certain rubber vehicle parts. In agreeing to plead guilty, Bridgestone has admitted that it was part of a conspiracy to rig bids …

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