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Company: Bayer Corporation
Current Parent Company:
Bayer
Parent at the Time of the Penalty Announcement:
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Penalty: $33,000,000
Year: 2004
Date: September 30, 2004
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal:
Price Fixing
Violation Description: Bayer Corporation, the Pittsburgh subsidiary of German firm Bayer AG, agreed to plead guilty and to pay a $33 million criminal fine for participating in a conspiracy to fix prices of a chemical used in a number of consumer products, including plastic grocery bags, shoe soles and automotive parts.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
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
Source of Data:
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Archived Source:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.
