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Violation Tracker Individual Record

Company: Panasonic Corp.
Current Parent Company: Panasonic
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $49,100,000
Year: 2010
Date: September 30, 2010
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Panasonic Corporation and a Whirlpool Corporation subsidiary, Embraco North America Inc., agreed to plead guilty and to pay a total of $140.9 million in criminal fines for their role in an international conspiracy to fix the prices of refrigerant compressors used in refrigerators and freezers in homes and businesses.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: consumer electronics
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.