(Associated Press) Federal prosecutors on Monday announced a deal to drop a criminal case against Gibson Guitar Corp after the instrument maker acknowledged its importations of exotic wood violated environmental laws.

Nashville-based 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 the National Fish and Wildlife Foundation to promote the conservation of protected tree species.

The case was brought under the US Lacey Act, originally passed in 1900 to regulate trade in bird feathers used for hats but amended in 2008 to cover wood and other plant products.

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