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Violation Tracker Individual Record

Company: Sumitomo Electric Industries Ltd.
Current Parent CompanySumitomo Electric Industries
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $25,421,000
Year: 2017
Date: August 25, 2017
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-ScandalPrice Fixing
Violation Description: Sumitomo Electric agreed to pay over $25 million to direct purchasers to settle its role in litigation regarding price-fixing of automotive wire harnesses.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Michigan
Civil or Criminal Case: civil
Case ID: 2:12cv101
Case Name: Wire Harness - Direct Purchaser Actions
Private Lawsuit Resolution Type: settlement
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: electric wire and fiber optic cable
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.