FOR IMMEDIATE RELEASE                                                    AT
WEDNESDAY, NOVEMBER 16, 1994                                 (202) 616-2771
                                                         TDD (202) 514-1888

                       CONNECTICUT BICYCLE RETAILER
                         CHARGED WITH PRICE-FIXING

     WASHINGTON, D.C. -- A Connecticut bicycle dealer was charged
today with participating in a conspiracy to fix retail prices on
bicycles, according to the Antitrust Division of the U.S.
Department of Justice.
     This is the third case resulting from the Antitrust
Division's continuing investigation into collusive practices by
bicycle retailers in the Hartford area.
     A one-count felony charge filed in U.S. District Court in
Hartford said Tommy's Inc. of Torrington, Connecticut, and other
area retailers conspired to fix retail prices on bicycles from
the early 1980s until 1991.  Tommy's Inc. is a corporation
privately owned by Thomas Greico Jr.
     Anne K. Bingaman, Assistant Attorney General in charge of
the Antitrust Division, said the charges arose in connection with
a grand jury investigation into collusive practices by bicycle
retailers in the Hartford area.
     The investigation was conducted by the Antitrust
Division's New York Field Office and the Federal Bureau of
Investigation.                 
     The maximum penalty for a corporation convicted under
the Sherman Act for a violation occurring after November 16,
1990, is a fine of $10 million, twice the pecuniary gain the
corporation derived from the crime, or twice the pecuniary
loss caused to victims of the crime, whichever is greatest.
                               ###
94-656