Panasonic Corp, SANYO and LG Chem plead guilty to price-fixing

(July 30, 2013) -- Panasonic Corp. and its subsidiary, SANYO Electric Co. Ltd., have agreed to plead guilty and to pay $56.5 million in criminal fines for engaging in price-fixing conspiracies that were uncovered in the Justice Department’s ongoing investigation of the automotive parts and battery cells industries. In addition, LG Chem Ltd., a leading manufacturer of secondary batteries, also has agreed to plead guilty and to pay a $1.056 million criminal fine for price-fixing involving battery cells....

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