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DIAMOND ELECTRIC MFG CO LTD Announces Plea Bargain with United States Department of Justice; Expects Extraordinary Loss for FY 2014


Tuesday, 16 Jul 2013 07:00pm EDT 

DIAMOND ELECTRIC MFG CO LTD announced that it has signed a plea bargain agreement with the United States Department of Justice, agreeing the penalty of USD 19 million for its violation of the antitrust laws by ignition coils sold to customer. As a result, the Company expects the extraordinary loss of approximately JPY 1,900 million for fiscal year ending March 2014 

Company Quote

815.0
-9.0 -1.09%
19 Dec 2014