ILLEGAL IMPORTS: Federal prosecutors announced a deal to drop a criminal case against Gibson Guitar Corp. after the instrument maker acknowledged it imported exotic wood in violation of environmental laws.

FINE, FORFITURE: Gibson agreed to pay a $300,000 penalty, forfeit claims to about $262,000 worth of wood seized by federal agents and contribute $50,000 to promote the conservation of protected tree species.

ABOUT FACE: Gibson's decision to cooperate with the federal Lacey Act banning the import of endangered wood products stood in contrast to a publicity campaign mounted in protest after agents raided Gibson facilities in Memphis and Nashville.