Military Contractor Pleads Guilty To Bid-Rigging

Law360, New York (November 30, 2007, 12:00 AM EST) -- A Florida company will pay $150,000 to settle allegations that it conspired to rig bids on U.S. Navy contracts for assemblies used to transport munitions.

The U.S. Department of Justice said Thursday that Certified Slings Inc., which makes metal slings for commercial and military use, pleaded guilty to a felony charge of bid-rigging in the U.S. District Court for the Eastern District of New York.

Under the terms of the plea agreement, Certified Slings also agreed to cooperate with the ongoing investigation, the DOJ said....
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.