Exec Pleads Guilty In Bid-Rigging Case

Law360, New York (February 22, 2007, 12:00 AM EST) -- The former president of a marine products company faces a jail term and a six-figure fine after pleading guilty to bid-rigging and conspiracy charges in federal court in Virginia on Wednesday.

Prosecutors say the former executive, Robert Taylor, was involved in three separate conspiracies aimed at victims that included the U.S. Navy and Coast Guard.

Pursuant to Taylor’s guilty plea, he will cooperate with authorities’ ongoing investigation into the marine products industry, serve 30 months in prison and shell out a 100,000 fine. The deal is...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.