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BUSINESS
February 13, 2001 | Bloomberg News
A federal jury in Philadelphia found Mitsubishi Corp. guilty of aiding an international price-fixing cartel for graphite electrodes used to make steel. The verdict caps a U.S. probe that has led to convictions of six companies and more than $300 million in criminal fines since 1998. Prosecutors said the cartel held secret meetings in luxury hotels around the globe and had code names for the conspirators in a plot that almost doubled the price of electrodes from 1992 to 1997.
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BUSINESS
April 8, 1998 | Associated Press
UCAR International Inc. agreed to pay a record $110-million fine and plead guilty to scheming with competitors to fix prices of graphite electrodes and divide the world market among them, the Justice Department said. The fine is the largest in antitrust history, the department said. Joel I.
OPINION
April 12, 1998 | RONALD J. OSTROW, Ronald J. Ostrow has covered the Justice Department and related assignments for The Times since 1966
Even for fickle Washington, the swift turnabout in the assessment of Joel I. Klein as the nation's chief trustbuster may set a record--just like the mushrooming number of mergers confronting him. Denounced last summer by Sen. Ernest F. Hollings (D-S.C.) as "an antitrust fellow here who rolls over and plays dead" for failing to challenge Bell Atlantic's $21-billion acquisition of Nynex Corp., the 5-foot, 6-inch.
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