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Nachi-Fujikoshi officially confirms settlement with antitrust regulator in Brazil

( August 24, 2016, 08:09 GMT | Official Statement) -- MLex Summary: Nachi-Fujikoshi released a statement acknowledging that it had reached a settlement with the antitrust regulator in Brazil in connection with a bearing cartel. The company said that it had agreed to pay 3.1 million reais ($970,000) and that it would strengthen its legal compliance efforts to restore public trust. The company said today that it wouldn’t revise its earnings forecast as a result of the settlement. The statement, in Japanese, is attached. ...

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