Cal Dive To Pay $2M To Settle Antitrust Case

Law360, New York (November 27, 2007, 12:00 AM EST) -- Pipeline company Cal Dive International Inc. has agreed to fork over $2 million to settle allegations that it breached the divestiture conditions of a consent decree signed to gain approval of its merger with a competitor two years ago.

The antitrust division of the U.S. Department of Justice said Monday the company, and parent Helix Energy Solutions Group – which provides maintenance services to the offshore oil and gas industry –agreed to hand over the money as disgorgement of ill-gained profits.

In a statement issued Monday...
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