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Violation Tracker Individual Record

Company: Akzo Nobel Chemicals, Inc.
Current Parent Company: Carlyle Group
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $14,900,000
Year: 2007
Date: April 2, 2007
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Akzo Nobel agreed to pay nearly $15 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: USA
HQ State of Current Parent: District of Columbia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.