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

WASHINGTON — 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 today.

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 investigation. Dunlop is the second corporation to be charged in the investigation. More...