Ontario court fines Furukawa $4.9M

Apr 04, 2013 | 05:10 PM | Corinna Petry

Tags  Furukawa Electric, antitrust conspiracy, bid rigging, Canadian Competition Bureau, Honda of America, U.S. Justice Department probe, John Pecman, corinna petry

CHICAGO — Japan’s Furukawa Electric Co. Ltd. has been fined Canadian $5 million ($4.9 million) by the Ontario Superior Court of Justice for its alleged participation in an international bid-rigging conspiracy.

The fine, which followed a probe by Canada’s Competition Bureau, is the largest ever imposed by a Canadian court for a bid-rigging offense.....

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