FORT LAUDERDALE, Fla. (Sept. 14) — Two executives of Italian marine hose maker Manuli Rubber Industries S.p.A. are the first to be indicted in a Justice Department investigation of an alleged price-fixing conspiracy.
The indictment before the U.S. District Court for the Southern District of Florida accuses Francesco Scaglia and Val M. Northcutt of conspiring to rig contract bids, fix prices and allocate market shares for sales of marine hose in the U.S. and elsewhere.
In May, Scaglia and seven executives of other marine hose manufacturing firms were arrested and charged in the alleged price-fixing conspiracy. Northcutt, however, was not arrested at that time. The other executives have not yet been indicted, a Justice Department spokeswoman said. The disposition of the conspiracy case is now in the hands of the Florida federal court, she said.