Financial Impact of Litigation and Regulatory Proceedings
First written in FY2016. 13 of 24 entries say "Restated". Latest entry: FY2025.
Denso moved to the "Worse" side of this theme in 2022.
The whole theme swung hardest in 2018: 2 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2025RestatedAnnual report
「Nevertheless, the company may become a party to various lawsuits and legal proceedings brought by regulatory authorities, which could adversely affect the performance and financial condition of the consolidated companies.」
The company continues to disclose the general risk that litigation and regulatory proceedings may affect its financial position. - FY2025-H1RestatedAnnual report
「The company (and certain of its subsidiaries) is named as a defendant in a lawsuit brought by one customer in a UK court in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts." The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
Civil litigation in the UK and individual negotiations with major customers are continuing in connection with litigation and regulatory proceedings. - FY2024MaterialisedAnnual report
「Other expenses include ¥4,951 million in antitrust-related losses, including settlement payments and other costs related to suspected violations of antitrust laws concerning past transactions involving certain automotive parts.」
In connection with litigation and regulatory proceedings, the company recorded ¥4,951 million in antitrust-related losses and ¥1,277 million in litigation-related losses during the fiscal year. - FY2024-Q3RestatedAnnual report
「The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
Individual negotiations with major customers regarding antitrust matters and the recording of provisions are continuing. - FY2024-Q1RestatedAnnual report
「The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
Individual negotiations with major customers in connection with antitrust-related litigation and regulatory proceedings are continuing. - FY2023MaterialisedAnnual report
「Litigation-related losses - 3,800」
Litigation-related losses of ¥3,800 million were recorded for the current consolidated fiscal year, and the financial burden associated with litigation and legal proceedings has been disclosed as an actual result. - FY2023-Q3MaterialisedAnnual report
「Litigation-related losses - 3,806」
Litigation-related losses of ¥3,806 million were recorded for the cumulative third-quarter period, and the financial burden associated with litigation and regulatory proceedings has been disclosed as an actual result. - FY2023-Q2MaterialisedAnnual report
「Litigation-related losses - 3,370」
Litigation-related losses of ¥3,370 million were recorded for the cumulative second-quarter period, and the financial burden associated with litigation and regulatory proceedings has been disclosed as an actual result. - FY2022-Q3RestatedAnnual report
「The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
Antitrust-related litigation and regulatory proceedings, as well as individual negotiations with major customers, are continuing. - FY2022-Q2RestatedAnnual report
「The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
Antitrust-related litigation and regulatory proceedings, as well as individual negotiations with major customers, are continuing. - FY2022-Q1RestatedAnnual report
「The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
The company has reconfirmed that, in addition to antitrust-related litigation and regulatory proceedings, individual negotiations with major customers are continuing. - FY2021-Q3RestatedAnnual report
「The company is conducting individual negotiations with major customers (automakers) in connection with suspected violations of antitrust laws relating to past transactions involving certain automotive parts.」
Antitrust-related litigation, regulatory proceedings and settlement negotiations with major customers are continuing. - FY2020-Q3Update to countries and proceedings subject to litigationAnnual report
「The Company and certain subsidiaries are among the defendants in multiple lawsuits seeking damages filed in the United States by certain car dealers and state attorneys general concerning alleged violations of antitrust laws in past transactions involving certain automotive parts. In Germany, a subsidiary of the Company is also among the defendants in a lawsuit filed by one customer.」
In addition to multiple lawsuits in the United States, the company has disclosed a lawsuit brought by one customer in Germany. Settlement negotiations and the recording of provisions are also continuing. - FY2020-Q2RestatedAnnual report
「In the United States, proposed class actions had been filed against the Company and certain subsidiaries by direct purchasers, such as Tier 1 suppliers, recreational vehicle manufacturers and aftermarket retailers, for each of certain automotive parts. The Company has entered into settlement agreements with the plaintiffs, and the courts are scheduled to conduct final approval proceedings for those agreements. In each of these lawsuits, a procedure known as discovery is being conducted, and hearings on the merits will begin after discovery is completed.」
The Company reconfirmed that some lawsuits have moved to the final approval process for settlement agreements, while discovery is progressing in other lawsuits. - FY2020-Q1Progress in litigation and settlement approval proceedingsAnnual report
「The Company has entered into settlement agreements with the plaintiffs, and the courts are scheduled to conduct final approval proceedings for those agreements. Separately from the proposed class actions, lawsuits have been filed by state government agencies and/or several state attorneys general acting on behalf of residents, one automobile insurance company and certain car dealers. Discovery, as it is called, is being conducted in each of these lawsuits, and hearings on the merits will begin after discovery is completed.」
In some lawsuits in the United States, the settlement agreements have moved to the final approval process, while discovery is progressing in other lawsuits. - FY2019RestatedAnnual report
「The consolidated companies are responding to civil lawsuits filed in the United States and elsewhere in connection with, among other matters, a plea agreement entered into with the U.S. Department of Justice in January 2012, and are conducting settlement negotiations with certain automobile manufacturers.」
The Company reconfirmed that civil lawsuits in the United States and elsewhere and settlement negotiations with automobile manufacturers are continuing. - FY2018RestatedAnnual report
「The consolidated companies seek to maintain ongoing compliance in their business activities. Nevertheless, they may become parties to various lawsuits and legal proceedings brought by regulatory authorities, which could adversely affect their performance and financial position.」
The Company reconfirmed the general risk of financial impacts from litigation and regulatory proceedings, as well as civil lawsuits in the United States and elsewhere and settlement negotiations with automobile manufacturers. - FY2018-Q3RestatedAnnual report
「The Company and certain subsidiaries are among the defendants in multiple lawsuits seeking damages in the United States and Canada concerning alleged violations of antitrust laws in transactions involving certain automotive parts.」
The Company reconfirmed that antitrust litigation in the United States and Canada is continuing. No new procedural developments or material changes were indicated. - FY2018-Q2RestatedAnnual report
「In Canada, multiple proposed class actions have been brought in several provinces against the Company and certain subsidiaries by both direct and indirect purchasers. Hearings concerning class certification in some of the lawsuits in Canada are expected to take place during 2018.」
The Company reconfirmed that antitrust litigation is continuing and that hearings concerning class certification in some Canadian lawsuits are expected to take place during 2018. - FY2017Continuation of litigation proceedings and update to the expected timing of hearings in CanadaAnnual report
「Hearings concerning class certification in some of the lawsuits in Canada are expected to take place during 2018. For some of the above matters, the Company estimated the amounts that may be payable and recognized provisions, with the related expenses included in other expenses.」
Antitrust litigation is continuing, and the expected timing of class certification hearings in Canada has been updated to 2018. - FY2017-Q3Continuation of litigation proceedings and expected hearings in CanadaAnnual report
「Hearings concerning class certification in some of the lawsuits in Canada are expected to take place during 2017.」
The Company stated that proceedings related to antitrust litigation are continuing in the United States and Canada, and that hearings concerning class certification in some Canadian lawsuits are expected to take place during 2017. - FY2017-Q2Preliminary approval of settlement agreements and progress in litigation proceedingsAnnual report
「Of the plaintiffs mentioned above, the Company has entered into settlement agreements with car dealers, end purchasers of vehicles, and dealers of commercial and heavy-duty trucks and heavy equipment. The courts have granted preliminary approval of these settlements, but final approval remains pending.」
Settlement agreements with some plaintiffs have progressed to preliminary court approval, while final approval and other litigation and negotiations are continuing. - FY2017-Q1Execution of certain settlement agreements and progress in litigation proceedingsAnnual report
「Of the plaintiffs mentioned above, the Company has entered into settlement agreements with car dealers, end purchasers of vehicles, and dealers of commercial and heavy-duty trucks and heavy equipment. The courts are scheduled to conduct approval proceedings for these settlement agreements.」
The Company has entered into settlement agreements with some plaintiffs and moved to the court approval process, while other class actions and individual negotiations are continuing. - FY2016MaterialisedAnnual report
「The consolidated companies are responding to civil lawsuits seeking damages in the United States and elsewhere in connection with, among other matters, a plea agreement entered into with the U.S. Department of Justice in January 2012, and are negotiating damages with certain automobile manufacturers.」
Civil lawsuits related to the plea agreement and damages negotiations with customers are already ongoing.