WASHINGTON (AP) — The president and CEO of a U.S. distributor of Taiwanese aftermarket auto lights has pleaded guilty to charges of price-fixing, the U.S. Department of Justice said Tuesday.
Polo Shu-Sheng Hsu conspired with others to set prices on lights from 2000 to 2008, according to a felony charge filed in the U.S. District Court in San Francisco.
The U.S. and Taiwanese companies involved in the case weren't named, but a class-action lawsuit filed in 2009 on behalf of auto parts stores listed Hsu as the head of Maxzone Vehicle Lighting Corp. of Fontana, Calif.
Under a plea agreement, Hsu has agreed to serve six months in jail, pay a $25,000 criminal fine and assist the Justice Department in its ongoing investigation into the aftermarket auto light industry. This was the first charge made as part of that investigation.
