KoSa to Plead Guilty, Agrees to Pay $28.5 Million Fine for Role in Polyester Staple Price-Fixing Cartel

 
WASHINGTON - A Luxembourg-based manufacturer of polyester staple and its former U.S. director of textile staples agreed on Halloween to plead guilty for participating in a conspiracy to fix prices and allocate customers in the polyester staple industry, the Department of Justice announced. Polyester staple is a petroleum-derived fiber used to make products such as clothing, table linens, and upholsteries....

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