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Violation Tracker Individual Record

Company: Kraft Foods
Current Parent Company: Kraft Heinz
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $8,000,000
Year: 2019
Date: August 15, 2019
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: The CFTC announced that it had gotten a federal court to order Kraft and Mondelez to pay a total of $16 million in a case involving manipulation of the wheat market. The announcement did not indicate how much each company would pay. Here we assume the total was split evenly between them. The press release about the case was removed from the CFTC website. Here we cite an archived version on the Nexis information service.
Level of Government: federal
Action Type: agency action
Agency: Commodity Futures Trading Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: food products
Specific Industry of Current Parent: food products
Source of Data: Kraft and Mondelez Global to Pay $16 Million in Wheat Manipulation Case, Targeted News Service, August 15, 2019 (via Nexis).
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.