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Violation Tracker Individual Record

Company: Panolam Industries International, Inc.
Penalty: $4,750,000
Year: 2004
Date: July 27, 2004
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Panolam Industries International and Pioneer Plastics Corp. together agreed to pay $9.5 million to direct purchaser plaintiffs to settle litigation alleging they participated in a conspiracy to fix the price of high-pressure laminates. Court documented did not indicate how much each company would pay. Here we assume they divided the total equally between them.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 7:00md1368
Case Name: In re: High Pressure Laminates
Private Lawsuit Resolution Type: settlement
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.