Violation Tracker Individual Record

Company: 
Flakeboard America Limited
Current Parent Company: 
AntarChile
Penalty: 
$4,950,000
Year: 
2014
Date: 
November 7, 2014
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
premerger notification violation
Violation Description: 

The Justice Department reached a settlement with Flakeboard America Limited; its parent companies, Celulosa Arauco y Constitucion S.A. and Inversiones Angelini y Compania Limitada; and SierraPine requiring the companies to pay a combined $3.8 million in civil penalties for violating the Hart-Scott-Rodino (HSR) Act of 1976. In addition, for violating Section 1 of the Sherman Act, Flakeboard must disgorge $1.15 million in illegally obtained profits and both Flakeboard and SierraPine must establish antitrust compliance programs and agree to certain restrictions.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Chile
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
diversified
Specific Industry of Parent: 
forest products, fisheries and gas stations
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.