Manuli Rubber Pleads Guilty In Price-Fixing Scheme

Law360, New York (July 28, 2008, 12:00 AM EDT) -- Milan, Italy-based Manuli Rubber Industries SpA and a former executive have agreed to plead guilty to participating in a conspiracy to fix prices, rig bids and allocate market shares, paying $2 million in fines for their role in an international marine hose cartel.

The U.S. Department of Justice filed a felony charge Monday in the U.S. District Court for the Southern District of Florida against Manuli Rubber and Robert L. Furness, the former president of the company's former Plantation, Fla.-based subsidiary.

Furness has agreed to a...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.