Monday, April 21, 2008

In the News - From the DOJ - Antitrust

DOJ Press Release -

LONG ISLAND DEFENSE CONTRACTOR EMPLOYEE PLEADS GUILTY TO BID RIGGING AND CONSPIRACY TO COMMIT WIRE FRAUD

WASHINGTON — A former employee of a Long Island, N.Y., defense contractor pleaded guilty to participating in a conspiracy to rig bids on military contracts for Navy straps that are used to secure munitions and other supplies, the Department of Justice announced today. Navy straps are a type of tiedown equipment used by the U.S. Navy to secure munitions and other supplies for transportation on ships and airplanes....

DOJ Press Release -

FORMER U.S. EXECUTIVE OF ITALIAN MARINE HOSE MANUFACTURER
AGREES TO PLEAD GUILTY TO PARTICIPATING IN
WORLDWIDE BID-RIGGING CONSPIRACY

Former Executive Agrees to Serve Jail Time

WASHINGTON — A former U.S. executive of Manuli Rubber Industries SpA, a Milan, Italy-based marine hose manufacturer, has agreed to plead guilty and serve jail time for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose in the United States and elsewhere, . . .

DOJ Press Release -

JAPAN AIRLINES INTERNATIONAL AGREES TO PLEAD GUILTY AND PAY
CRIMINAL FINE FOR FIXING PRICES ON CARGO SHIPMENTS

WASHINGTON — Tokyo-based Japan Airlines International Co. Ltd. (JAL) has agreed to plead guilty and pay a $110 million criminal fine for its role in a conspiracy to fix rates for international cargo shipments, the Department of Justice announced today. . .

(esp)

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