Three manufacturers to plead guilty to price fixing - U.S

WASHINGTON Fri Jul 19, 2013 12:07am IST

A man walks past Panasonic Corp's Viera televisions displayed at an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai/Files

A man walks past Panasonic Corp's Viera televisions displayed at an electronics store in Tokyo May 9, 2013.

Credit: Reuters/Toru Hanai/Files

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WASHINGTON (Reuters) - Panasonic Corp, its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells, the U.S. Justice Department said on Thursday.

Panasonic agreed to pay about a $45.8 million criminal fine, Sanyo agreed to pay $10.7 million and LG Chem $1.1 million, the department said in a statement.

(Reporting by David Ingram; Editing by Gerald E. McCormick)

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