U.S. Department of Justice

British Marine Hose Manufacturer Agrees to Plead Guilty and Pay $4.5 Million for Participating in Worldwide Bid-Rigging Conspiracy

Published in Pharma Law Weekly, December 16th, 2008

A British marine hose manufacturer has agreed to plead guilty and pay $4.54 million in criminal fines for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere, the Department of Justice announced.

A one-count felony charge was filed today in U.S. District Court in Fort Lauderdale, Fla., against Dunlop Oil & Marine Ltd. (Dunlop), a manufacturer of marine hose located in Grimsby, England. Under the terms of the plea agreement, which is subject to court approval, Dunlop has agreed to pay a criminal fine of $4.54 million and to cooperate fully in the Department's ongoing antitrust...

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Source: Pharma Law Weekly (2008-12-16)

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