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Violation Tracker Individual Record

Company: Mitsubishi Rayon America Inc.
Current Parent Company: Mitsubishi Chemical
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $5,000,000
Year: 2008
Date: May 5, 2008
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Mitsubishi Rayon agreed to pay $5 million to direct purchaser plaintiffs to settle its role in litigation concerning price fixing of plastics additives.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:03cv2038
Case Name: In re: Plastics Additives Antitrust Litigation MDL 1684
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.