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    Antitrust Law Daily Wrap Up, ANTITRUST NEWS: DOJ announces $14.9 million criminal fine for parking heater price fixing scheme, (Jun 25, 2015)

    By Jody Coultas, J.D.

    Espar Inc. has been sentenced to pay a $14.9 million criminal fine after pleading guilty to participating in a scheme to fix prices for parking heaters used in commercial vehicles in violation of the Sherman Act, the Department of Justice announced t ...

    By Jody Coultas, J.D.

    Espar Inc. has been sentenced to pay a $14.9 million criminal fine after pleading guilty to participating in a scheme to fix prices for parking heaters used in commercial vehicles in violation of the Sherman Act, the Department of Justice announced today.

    The DOJ charged that Espar and its co-conspirators discussed prices for parking heaters for commercial vehicles, agreed to set a price floor for parking heater kits for commercial vehicles sold to aftermarket customers, and agreed to coordinate the timing and amount of price increases.

    “This conspiracy among sellers of parking heaters resulted in many years of higher prices for aftermarket customers. While the Antitrust Division is pleased with this final resolution of the charge against Espar, we will continue our efforts to root out anticompetitive practices in this industry,” said Assistant Attorney General Bill Baer of the Department of Justice’s Antitrust Division.

    News: Antitrust AntitrustDivisionNews

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