DOJ Files Charge In Blinds Price-Fixing Probe

Law360, New York (April 19, 2007, 12:00 AM EDT) -- A former president of a Canadian window blinds slat manufacturer has become the first person charged in a U.S. Department of Justice investigation into alleged collusive activity in the industry.

Mario Cadorette of Montreal was indicted by a federal grand jury in Houston Wednesday on one count of conspiracy to commit mail fraud and four counts of wire fraud for allegedly scamming customers by secretly convincing competitors to increase slat prices by 8%. He faces five years imprisonment and a $250,000 fine for each count....
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.