EU Confirms Marine Hose Antitrust Warnings

Law360, New York (May 5, 2008, 12:00 AM EDT) -- The European Union's top competition regulator revealed Monday for the first time that it had formally warned several companies of its concerns that an illegal cartel existed in the marine hose industry.

Some firms, including Japanese tire maker Bridgestone Corp. and Swedish manufacturer Trelleborg AB, have said they received statements of objections from the European Commission, but the commission itself had refused to confirm those disclosures, and even its announcement did not name the targeted companies.

"The European Commission can confirm that a statement of objections...
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