Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it has agreed to settle a class action lawsuit brought against the company by auto dealers and end consumers in the U.S. District Court for the Eastern District of Michigan. Toyoda Gosei will be required to pay $59 million for the settlement. Plaintiffs in the lawsuit alleged that Toyoda Gosei violated U.S....
Nishikawa Rubber Co. Ltd. (TYO:5161) announced on July 20 that it has agreed to plead guilty and pay $130 million in fines for infringement of U.S. antitrust law through the company’s sales of automotive sealing parts. Nishikawa Rubber had fully cooperated with the U.S. Department of Justice in its investigation into the company’s automobile sealing products, and has decided to...
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