Taft Stettinius & Hollister advised Tokai Kogyo Co. and Green Tokai Co. Ltd. on the case
With a unanimous defense verdict by a federal court jury last week, Tokai Kogyo Co. Ltd., a Japanese company, and its wholly owned U.S. subsidiary, Green Tokai Co. Ltd., were cleared of charges that they were involved in an alleged multimillion-dollar automotive parts bid rigging and price fixing conspiracy.
Taft Stettinius & Hollister clients Tokai Kogyo Co. and Green Tokai Co. Ltd. were indicted in June 2016 for allegedly conspiring to rig bids and fix prices of automotive body sealing products that were sold to Honda between 2008 and 2011. This was the first case to be tried arising from the Department of Justice Antitrust Division’s ongoing investigation into the auto parts industry, which began in 2009 and has resulted in the conviction of 48 companies and 65 executives, with criminal fines exceeding $2.9 billion.
Taft partners Ralph Kohnen (Picture) and Chad Ziepfel teamed with co-counsel from Barnes and Thornburg to attack the credibility of the government’s immunized witnesses and to ultimately prove that Tokai and Green Tokai actually competed aggressively in the market.
Law Firms: Taft Stettinius & Hollister;