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Violation Tracker Individual Record

Company: BASF SE
Current Parent Company: BASF
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $416,000
Year: 2021
Date: June 1, 2021
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: BASF SE, its subsidiary, BASF Corp. and DIEM Labs together agreed to pay more than $416,000 to settle charges that they deceptively marketed two dietary fish oil supplements as clinically proven to reduce liver fat in adults and children with non-alcoholic fatty liver disease.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
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.