- Posted October 12, 2011
- Tweet This | Share on Facebook
Firm pleads guilty in compressor price-fixing
DETROIT (AP) -- A German company has agreed to plead guilty and pay a $3 million fine for its role in an international conspiracy involving price-fixing on compressors used in refrigerators and freezers.
The Department of Justice says in a release last week that Danfoss Flensburg GmbH, formerly Danfoss Compressors GmbH, participated in a conspiracy to fix the prices of light commercial compressors sold in the U.S and elsewhere from as early as Oct. 14, 2004, until about Sept. 6, 2007.
Danfoss also agreed to cooperate in an ongoing investigation.
Danfoss is the third company to be charged in the conspiracy. Embraco, a division of Michigan-based Whirlpool, and Panasonic Corp. pleaded guilty last year and together agreed to pay $140 million.
Published: Wed, Oct 12, 2011
headlines Oakland County
- Annual Meeting
- Board of Commissioners dedicates funding to complete $29 million in local Oakland County road projects
- Supreme Court leaves in place Avenatti conviction for plotting to extort up to $25M from Nike
- Washington Twp. man guilty of killing his wife
- ABA meeting tackles AI, other ethical issues in changing landscape of profession
headlines National
- This Los Angeles lawyer found her calling as a death doula
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Artificial intelligence tools for brief writing and analysis are a small firm litigator’s new best friend
- Baker McKenzie partner drops suit seeking IRS documents on partnership scrutiny
- Family members sue networks after learning of loved ones’ deaths by seeing bodies on TV
- Ex-BigLaw attorney once ‘consumed with remorse’ over $10M client theft sentenced in new scheme