Gibson Strikes Deal To End Wood Import Investigation

Law360, New York (August 6, 2012, 2:00 PM EDT) -- Gibson Guitar Corp. on Monday agreed to abide by a criminal enforcement arrangement with the U.S. Department of Justice that puts an end to an investigation over accusations that the company violated the Lacey Act by illegally importing rare wood products.

The deal puts off prosecution for any criminal violations and mandates that Gibson cough up $300,000 for allegedly buying and importing rosewood and ebony from India and ebony from Madagascar, according to the DOJ.

Gibson will also be required to hand over a $50,000 community...
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