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Violation Tracker Individual Record

Company: Flakeboard America Limited
Current Parent Company: AntarChile
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $4,950,000
Year: 2014
Date: November 7, 2014
Offense Group: financial offenses
Primary Offense: investor protection violation
Secondary Offense: premerger notification violation
Violation Description: The Justice Department reached a settlement with Flakeboard America Limited; its parent companies, Celulosa Arauco y Constitucion S.A. and Inversiones Angelini y Compania Limitada; and SierraPine requiring the companies to pay a combined $3.8 million in civil penalties for violating the Hart-Scott-Rodino (HSR) Act of 1976. In addition, for violating Section 1 of the Sherman Act, Flakeboard must disgorge $1.15 million in illegally obtained profits and both Flakeboard and SierraPine must establish antitrust compliance programs and agree to certain restrictions.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: civil
HQ Country of Current Parent: Chile
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: forest products, fisheries and gas stations
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.