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To: CpsOmis who wrote (66402)	5/17/2000 3:54:00 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

Ex-chief of McDermott unit charged in bid-rigging case Bloomberg Business News WASHINGTON -- The former president of J. Ray McDermott SA, a Houston-based marine construction company, has been charged with conspiring to rig bids for services to customers in the Gulf of Mexico, the U.S. Justice Department announced Tuesday. The three-count felony case filed against Michael Harless Lam, former president of J. Ray McDermott SA, is the fourth brought by the Justice Department in its ongoing antitrust investigation of the marine construction industry. Last year, a former McDermott senior vice president who agreed to cooperate with the government's investigation, pleaded guilty to charges of conspiring to rig bids for projects in the U.S. and elsewhere, and is awaiting sentencing. The indictment filed Tuesday says that from September 1995 to January 1997, Lam and officials at other companies discussed and agreed upon who would get particular contracts to provide heavy-lifting installation services, and exchanged proposed bid prices or price ranges for products. Lam is charged with one count of violating the Sherman Antitrust Act and two counts of mail fraud. J. Ray McDermott, now part of New Orleans-based McDermott International, has not been charged. Officials at J. Ray McDermott SA could not be reached for comment.