DOJ has secured pleas in a conspiracy to fix, increase and maintain prices of a key electronic component that affected millions of American consumers purchasing video and computer-related products. among many others.
The Department of Justice says Rubycon Corporation, Elna Co., Ltd. and Holy Stone Holdings Co., Ltd have agreed to plead guilty in a conspiracy to fix the prices of electrolytic capacitors, which are an integral part of electrical circuits used to regulate and store current and which are included in a host of U.S. products including TVs, computers, DVD players, video and still cameras and gaming systems.
The capacitors at issue were sold to manufacturers and sellers in the U.S. in significant quantities and under major U.S. and overseas brands, said DOJ, without naming names.
“The electrolytic capacitors conspiracy affected millions of American consumers who use electronic devices containing capacitors every day," said Deputy Assistant Attorney General Brent Snyder.
The companies will plead guilty to one felony count each for their participation in the worldwide scheme.
The agreed-upon guilty plea stems from a federal antitrust investigation conducted by the Antitrust Division's San Francisco office and an FBI San Francisco Field Office investigation into price fixing and bid rigging in the capacitor industry.