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DOJ Socks Toyo With $120 Million Fine – RetreadLife.com

Toyo Tire & Rubber Co. was hit with a $ 120 million fine in a plea deal over alleged price fixing. In addition to the fine, certain Toyo executive…
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Parts plea deal: Toyo is fined $120 million – RetreadLife.com

On Nov. 26, 2013, Toyo Tire & Rubber Co. Ltd. entered into a plea agreement with the United States Department of Justice (DOJ) agreeing to pay a fine of $ 120 million based on charges that it violated U.S. anti-trust laws in connection with sales of automotive anti-vibration rubber products and constant-velocity-joint boot products.
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Toyo pleads guilty to price fixing, to pay $120 million fine – RetreadLife.com

WASHINGTON—Toyo Tire & Rubber Co. Ltd. pleaded guilty for being involved with two separate conspiracies to fix prices of automotive components involving anti-vibration rubber and driveshaft parts installed in cars sold in the U.S.
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