Marine Hose cartel case now unsealed - US Justice Department

ERJ staff report (DS)

Los Angeles, California -- Thirteen corporations and individuals, have paid the US government a total of $15,448,728 to resolve civil allegations that they fraudulently overbilled the Navy and other federal agencies by bid-rigging and price-fixing on sales of materials used on piers and other marine construction projects.

Following these settlements, United States District Judge George H. Wu has dismissed the lawsuit against the settling defendants and has unsealed the case.

Trelleborg paid the largest share of the fines - around $14 million, while Bridgestone has paid $178,108, Yokohama has paid $173,410, and Dunlop has paid $97,210. Trelleborg, Bridgestone, Yokohama, and Dunlop all agreed to the settlements without admitting any wrongdoing.

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Press release from US Dept of Justice