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Violation Tracker Individual Record

Company: Proterial Cable America, Inc.
Current Parent Company: Bain Capital
Penalty: $15,126,204
Year: 2024
Date: April 12, 2024
Offense Group: safety-related offenses
Primary Offense: motor vehicle safety violation
Secondary Offense: product safety violation
Violation Description: DOJ's Fraud Section found evidence that Proterial, then known as Hitachi Cable, misrepresented to customers that motorcycle brake hose assemblies it sold met federal safety performance standards, when in fact they did not comply with certain performance requirements. DOJ declined prosecution, given that the company self-reported the misconduct and cooperated with the investigation. The company agreed to pay over $15 million in disgorgement.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: declination
HQ Country of Current Parent: USA
HQ State of Current Parent: Massachusetts
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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.