AISIN predecessor agreed to plead guilty and pay $35.8 million for customer allocation
Company: AISIN CORPORATION
Summary
On November 13, 2014, Aisin Seiki Co., Ltd., the company now named AISIN CORPORATION, agreed to plead guilty and pay a $35.8 million criminal fine for allocating customers for variable-valve-timing devices. DOJ said the conspiracy lasted from at least September 2000 through February 2010. The announcement states that the plea agreement was subject to court approval; this record therefore describes the agreement, not a trial verdict. Primary source: https://www.justice.gov/archives/opa/pr/aisin-seiki-co-ltd-agrees-plead-guilty-customer-allocation-automobile-parts-installed-us-cars