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Company: Degussa AG
Current Parent Company:
Evonik Industries
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $35,666,666
Year: 2002
Date: August 9, 2002
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: Degussa, Rhone-Poulenc and Mitsui together agreed to pay $107 million to settle litigation alleging they engaged in a conspiracy to fix the price of methionine, an animal feed additive. Court documents did not specify how much each company would pay. Here we assume they each paid one-third of the total.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:00md1311
Case Name: In re: Methionine 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:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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