DOJ Puts Conspirators On Ice In Refrigerator Compressor Cartel
The U.S. Department of Justice has announced
the first guilty pleas in its ongoing investigation into a price-fixing cartel in the worldwide refrigerator compressor market.
According to the DOJ
, Japan-based Panasonic Corp. and Embraco North America Inc., a Brazilian subsidiary of Whirlpool Corp., agreed to pay $49.1 million and $91.8 million respectively for a price-fixing conspiracy that lasted from October 2004...