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Violation Tracker Individual Record

Company: Bayer Corporation
Current Parent Company: Bayer
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $8,000,000
Year: 2007
Date: January 23, 2007
Offense Group: safety-related offenses
Primary Offense: drug or medical equipment safety violation
Violation Description: Bayer agreed to pay $8 million to resolve multistate litigation initiated because of the company's failure to adequately disclose safety risks associated with the use of Baycol, a drug used to lower cholesterol that was pulled from the market in August 2001.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.