Parker unit to pay fine in marine hose case

Moore, Miles
February 2010
Rubber & Plastics News;2/22/2010, Vol. 39 Issue 15, p3
Trade Publication
The article reports that Parker ITR, an Italian subsidiary of Parker-Hannifin Corp., has agreed to pay 2.29 million dollars to settle charges of conspiracy to fix prices, rig bids and allocate market share in the U.S. and international marine hose markets.


Related Articles

  • Parker ITR will plead guilty in marine hose case.  // European Rubber Journal;Mar/Apr2010, Vol. 192 Issue 2, p2 

    The article reports on an announcement by the U.S. Department of Justice that Parker ITR has given its consent to pay a 2.29 million dollars criminal fine in the marine hose cartel case.

  • LAW BRIEFS.  // Supply Management;5/28/2009, Vol. 14 Issue 11, p17 

    The article offers law-related updates in England. The Office of Government Commerce (OGC) has started its second consultation for the European Union's (EU) new regulations on handling breached contracts. The law firm Hausfeld has reached a settlement with manufacturer Parker ITR on the...

  • Parker sets up fund to pay victims in hose case. Moore, Miles // Rubber & Plastics News;3/23/2009, Vol. 38 Issue 17, p5 

    The article focuses on the ongoing litigation in an alleged rubber marine hose price-fixing scandal. The litigation has taken an unexpected twist in what attorneys call the first private resolution of a company's global cartel liability without arbitration. According to Hausfeld LLP, a global...

  • Parker ITR's Marine Hose settlement changes the rules. Shaw, David // European Rubber Journal;Mar/Apr2009, Vol. 191 Issue 2, p2 

    The article presents information on the settlement deal between Parker ITR and law company Hausfeld & Co. LLP in the marine hose case. According to the settlement, purchaser of marine hose from Parker ITR anywhere in the world, outside the U.S., can claim compensation in respect of losses...

  • EC fines Marine Hose makers a total of Euro 131 million.  // European Rubber Journal;Mar/Apr2009, Vol. 191 Issue 2, p2 

    The article focuses on the fines imposed by the European Commission (EC) on 5 companies who participated in a cartel for marine hoses between 1986 and 2007 and violating the ban on cartels and restrictive business practices in the EC Treaty. The EC imposed a total of € 131,510,000 in fines...

  • A new look at price fixing. Arnold, Ted R. // Automotive Marketing;Feb98, Vol. 27 Issue 2, p4 

    Opinion. Presents information on antitrust price-fixing with reference to the court case State Oil versus Khan. Information on the ruling in the case; What the ruling means to the manufacturer of distributor of a product; Implications of this ruling.

  • When the price is right. Booth, Rupert // Management Accounting: Magazine for Chartered Management Account;Oct95, Vol. 73 Issue 9, p22 

    Looks at the decision of price-setting for businesses. Debates on price-setting.

  • Ways to whack up your prices: Six of the best. Winkler, John // Director (00123242);Jun95, Vol. 48 Issue 11, p29 

    Provides information on ways in which businesses can raise prices without alienating customers.

  • Company spies encouraged to inform.  // Paperboard Packaging;May96, Vol. 81 Issue 5, p50D 

    Reports on proposals by the European Commission to encourage companies to inform on illegal price-fixing cartels. Waiving of fines for companies that are the first to inform the Commission about cartels.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics