Exec Gets 4 Months For Kitchen Hardware Price-Fixing

Law360, New York (January 24, 2011, 5:46 PM EST) -- An executive from a food service equipment hardware company has been sentenced to four months in prison for conspiring to allocate customers for the sale of the hardware.

Judge Charles A. Pannell Jr. of the U.S. District Court for the Northern District of Georgia sentenced former Component Hardware Group Inc. President and CEO Thomas E. Carr on Friday. Carr previously pled guilty to violating the Sherman Act, and faced a maximum penalty of 10 years in prison and a statutory $1 million fine.

Earlier in January,...
To view the full article, register now.