Dunlop Oil & Marine fined Euro 3.6 million in Marine Hose case

ERJ staff report (DS)

Washington, DC — A second company — Dunlop Oil & Marine Ltd. — has agreed to plead guilty in the Marine Hose case and pay a fine of $4.54 million (Euro 3.6 million). The company, based in Grimsby, UK is a subsidiary of Continental AG. Earlier this year Manuli Rubber Industries agreed to plead guilty and pay a $2 million fine in the long–running price-fixing cartel.

Dunlop is charged with violating the Sherman Act, which carries a maximum fine of $100 million…

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