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Trelleborg Coughs Up $14M In Marine Product Suit

By Shannon Henson (February 26, 2010, 4:21 PM EST) -- Trelleborg AB has paid $14 million to settle a qui tam lawsuit alleging that it and four of its subsidiaries conspired to submit rigged bids, fix prices and allocate market shares on marine fenders and plastic pilings purchased by the U.S. Navy and other federal departments and agencies, the U.S. Department of Justice said Friday....

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