Violation Tracker Individual Record

Company: 
Bayer AG
Current Parent Company: 
Bayer
Penalty: 
$4,700,000
Year: 
2004
Date: 
October 13, 2004
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Bayer AG agreed to plead guilty and to pay a $4.7 million criminal fine for participating in a conspiracy to fix the prices of synthetic rubber which is used to manufacture a variety of products including automotive parts.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
Germany
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
chemicals
Specific Industry of Parent: 
chemicals
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.