On August 22, Rubycon Corporation, Elna Co., Ltd. and Holy Stone Holdings Co. agreed to plead guilty in U.S. District Court in San Francisco for their roles in a conspiracy to fix prices for electrolytic capacitors.  As part of the plea, the companies have agreed to pay a criminal fine and cooperate with the ongoing investigation.  Two other companies, NEC TOKIN Corp. and Hitachi Chemical Co. Ltd previously pled guilty to the same conspiracy earlier this year and, in March 2015, a former sales manager for one of the capacitor manufacturer was indicted for his alleged role in the conspiracy.  Electrolytic capacitors store and regulate electrical current in electronic products.  United States v. Elna Co., Ltd., No. CR 16-365 (N.D. Cal.); United States v. Holy Stone Holding Co., Ltd., No. CR 16-366 (N.D. Cal.); United States v. Rubycon Corporation, No. CR 16-367 (N.D. Cal.). DOJ Press Release

Related preceding post