Trelleborg Coughs Up $14M In Marine Product Suit

Law360, New York (February 26, 2010, 4:21 PM EST) -- Trelleborg AB has paid $14 million to settle a qui tam lawsuit alleging that it and four of its subsidiaries conspired to submit rigged bids, fix prices and allocate market shares on marine fenders and plastic pilings purchased by the U.S. Navy and other federal departments and agencies, the U.S. Department of Justice said Friday.

The DOJ said that other companies and individuals — including Bridgestone Corp. and Dunlop Oil & Marine Ltd. — chipped in approximately $1.5 million more to settle the allegations in the...
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