Trelleborg AB, tire companies and individuals pay $15.4 million to settle bid-rigging and price-fixing False Claims Act allegations

by Ben Vernia | March 17th, 2010

The US Attorney for the Central District of California announced on February 26 that the Swedish firm Trelleborg AB, four of its corporate subsidiaries, a Tennessee man and several tire companies have agreed to pay a total of $15.4 million to settle allegations that they conspired to fix prices and rig bids for marine bumpers, rubber cushions used to protect ships at anchor and alongside piers, and marine hose.

According to DOJ’s press release, two Trelleborg subsidiaries each pleaded guilty to felony antitrust charges and were fined an additional of $11 million.

The Department has not yet disclosed the share the relator will receive in the recovery.

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