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

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March 30 (Bloomberg) -- Corning Inc., 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

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