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T.rad Co Ltd Receives Surcharge Order from the United States Department of Justice; Announces Extraordinary Loss for Q2 of FY 2014

Thursday, 26 Sep 2013 08:00pm EDT 

T.rad Co Ltd announced that it will pay a surcharge of USD 13.75 million to the United States Department of Justice, due to the violation of the Unites States antitrust law in the sale of automobile components of the Company. As a result, the Company will record a USD 13.75 million extraordinary loss on the surcharge payment, for the second quarter of the fiscal year ending March 2014. 

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