Chocolate cartel crunched as price-fixing charges laid
A number of Canada’s most loved chocolate bar makers are accused of conspiring to fix prices for chocolate bars and other chocolate snacks. Nestlé Canada Inc., Mars Canada Inc., and IWAL, a national network of independent wholesale distributors, as well as three executives, two from Nestlé and one from ITWAL, were charged with price fixing offences contrary to section 45 of the Competition Act, the Competition Bureau announced recently. The Bureau also announced that Hershey Canada Inc. was expected to plead guilty to price fixing on June 21, and receive lenient treatment in exchange for cooperating with the Bureau’s inquiry. Section ... [more] Full article
Gas price fixers convicted after trial
A Quebec Superior Court judge recently convicted three individuals of conspiring to fix gas prices in two Quebec cities, Sherbrooke and Magog (R. v. Gosselin, 2013 QCCS 717). To date ... [more] Full article
Japanese auto-parts maker to pay record $30 million fine for bid-rigging
Yazaki Corporation was fined $30 million after pleading guilty to rigging bids for wire harnesses supplied to Honda and Toyota for the 2005.5 Honda Ridgeline, 2006 Honda Civic and 2006 Toyota ... [more] Full article
Record $5 million bid rigging fine for auto parts maker
The Ontario Superior Court of Justice recently ordered Furukawa Electric Co. Ltd., a Japanese supplier of motor vehicle components, to pay a fine of $5 million after it pleaded guilty ... [more] Full article