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Violation Tracker Individual Record

Company: Bayer AG
Current Parent Company: Bayer
Penalty: $250,375,190
Year: 2006
Date: September 12, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Bayer agreed to pay $250 million to settle litigtion alleging it was part of a conspiracy to fix prices for rubber chemicals.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:04-md-01648
Case Name: In re: Rubber Chemicals Antitrust Litigation
Private Lawsuit Resolution Type: settlement
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)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.