Tuesday, 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.



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