Corning Says It Received U.S. Subpoena in Antitrust Probe

Corning Inc. (GLW), a maker of flat-panel television glass and diesel engine filters, received a subpoena from a U.S. grand jury investigating possible automotive product antitrust violations, it said in a regulatory filing.

The company, based in Corning, New York, made the disclosure in a filing today with the U.S. Securities and Exchange Commission. The grand jury is reviewing evidence gathered by the U.S. Justice Department in a Detroit-based federal court, according to the filing.

The probe concerns catalytic converters, diesel particulate filters and related products, Corning said in the filing.

“The company’s policy is to comply with all laws and regulations including all antitrust and competition laws,” according to the filing. “Currently the company cannot estimate the ultimate financial impact, if any, resulting from the investigation.”

To contact the reporter on this story: Andrew Harris in Chicago at aharris16@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.