November 6, 2007
Plea in International Bid-Rigging Case
A DOJ Press Release reports that "[t]wo executives of Trelleborg Industrie S.A.S., a manufacturer of marine hose located in Clermont-Ferrand, France, agreed to plead guilty to participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose in the United States and elsewhere." They are pleading to a "one-count felony charge" and the fines agreed to be paid are $75,000 and $100,000. The pleas include cooperation and 14 months in jail, although the pleas are subject to court approval.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Plea in International Bid-Rigging Case: