From Everything.Sucks

Rubycon Corporation (ルビコン株式会社, Rubikon Kabushiki-gaisha) is a Japanese electronics company, whose main products are electrolytic capacitors (AECs), film capacitors and power supply units with a wide range of applications including consumer, industrial, power, lighting and automotive.

According to the Department of Justice, Office of Public Affairs back in August 2016: Rubycon Corporation, Elna Co., Ltd., and Holy Stone Holdings Co., Ltd. was plead guilty for their roles in a conspiracy to fix prices for electrolytic capacitors sold to customers in the United States and elsewhere, the Department of Justice announced today. “The Antitrust Division charged five companies and one individual for their participation in this international price-fixing conspiracy,” said Deputy Assistant Attorney General Brent Snyder of the Justice Department’s Antitrust Division. “The electrolytic capacitors conspiracy affected millions of American consumers who use electronic devices containing capacitors every day.” Electrolytic capacitors store and regulate electrical current in a variety of electronic products, including computers, televisions, car engine, and airbag systems, home appliances, and office equipment. The division filed one-count felony charges against each of the three companies in U.S. District Court in San Francisco today. In addition to pleading guilty to the charges against them, each company has agreed to pay a criminal fine and cooperate with the division’s ongoing investigation. The plea agreements are subject to court approval. Previously, NEC TOKIN Corp. and Hitachi Chemical Co. Ltd. pleaded guilty to participating in the same worldwide conspiracy. NEC TOKIN was sentenced to pay a fine of $13.8 million in January 2016, and Hitachi Chemical was sentenced to pay a fine of $3.8 million in June 2016. On March 12, 2015, a grand jury indicted Takuro Isawa, a former Global Sales General Manager for one of the capacitor manufacturers, for his alleged participation in the conspiracy.

Reviews

Be the first to tell the world why Rubycon sucks!
CLICK TO RATE

I certify that this review is based on my own experiece and is my opinion of this person or business. I have not been offered any incentive or payment to write this review.

Refresh

Enter Code