On May 16, 2016, the DOJ announced that Corning International Kabushiki Kaisha (Corning International K.K.) has agreed to plead guilty and pay a $66.5 million criminal fine for conspiring to fix prices, rig bids and allocate the market for ceramic substrates sold in the United States and elsewhere. Corning International K.K. agreed to cooperate in the department’s ongoing investigation and the plea agreement will be subject to court approval. This news comes on the heels of the May 11, 2016, indictment of the company’s former executive for his role in the automotive parts conspiracy. Deputy Assistant Attorney General Brent Snyder of the DOJ’s Antitrust Division stated, “[The] indictment reaffirms our commitment to vigorously prosecute corporate executives who scheme to harm their customers, such as those in the U.S. auto industry.”