Violation Tracker Individual Record

Company: 
Parker ITR S.r.l.
Current Parent Company: 
Parker-Hannifin
Penalty: 
$2,290,000
Year: 
2010
Date: 
February 16, 2010
Offense Group: 
competition-related offenses
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

An Italian subsidiary of a U.S.-based company agreed to plead guilty and to pay a $2.29 million criminal fine for participating in a conspiracy to rig bids, fix prices and allocate market shares of marine hose sold in the United States and elsewhere.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
USA
HQ State of Parent: 
Ohio
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
industrial equipment
Specific Industry of Parent: 
industrial equipment
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.