Blawgletter likes to gripe about the Antitrust Division’s lately lackadaisical record of bringing new price-fixing cases. Just yesterday, we again taunted the AD. Little did we know that at that very moment law enforcement officers sprang into action, hauling a bunch of price-fixing execs to the pokey. Press release here.
The conspiracy? To fix prices on "marine hose" — thick, flexible tubes that transport petroleum to or from tankers, storage facilities, buoys, and the like. See a search warrant affidavit and criminal complaint here. Go get ’em!