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Violation Tracker Individual Record

Company: Morgan Crucible Company PLC and Morganite Inc.
Penalty: $11,000,000
Year: 2002
Date: November 4, 2002
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Morganite, Inc., a U.S. company, agreed to pay $10 million to settle charges that it participated in an international cartel to fix the price of various types of electrical carbon products sold in the United States and elsewhere. Its U.K. parent corporation, The Morgan Crucible Company plc, agreed to pay $1 million to settle charges that it obstructed the investigation of the price-fixing conspiracy.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.