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Violation Tracker Individual Record

Company: Bayer AG
Current Parent Company: Bayer
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $32,000,000
Year: 2006
Date: November 28, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Bayer agreed to pay $32 million to settle its role in litigation involving a conspiracy to fix the price of ethylene propylene diene monomer synthetic rubber, a material used in the auto and roofing industries.
Level of Government: federal
Action Type: private litigation
Court: District of Connecticut
Civil or Criminal Case: civil
Case ID: 3:03md1542
Case Name: In re: Ethylene Propylene Diene Monomer (EPDM) 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
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.