Three manufacturers to plead guilty to price fixing - U.S

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Reuters WASHINGTON
Last Updated : Jul 19 2013 | 12:15 AM IST

WASHINGTON (Reuters) - Panasonic Corp, its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells, the U.S. Justice Department said on Thursday.

Panasonic agreed to pay about a $45.8 million criminal fine, Sanyo agreed to pay $10.7 million and LG Chem $1.1 million, the department said in a statement.

(Reporting by David Ingram; Editing by Gerald E. McCormick)

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First Published: Jul 19 2013 | 12:07 AM IST

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