Two Trelleborg Execs Plead Guilty to Price Fixing Charges
Two executives from Trelleborg Industrie S.A.S in France have pleaded guilty to participating in a marine hose price fixing conspiracy. On November 6 a one-count felony charge was filed in the US District Court in Fort Lauderdale, Florida against Christian Caleca, president of Trelleborg’s Industrial Fluid Systems business unit, and Jacques Cognard, the company’s product area manager for oil and marine products.
Plea agreements have been worked out for both men, subject to court approval, and under the terms of these each will serve 14 months in prison – and will provide their full cooperation in the US Department of Justice’s ongoing investigation. Additionally, Caleca has agreed to pay a US$75,000 fine and Cognard a $100,000 fine.