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Violation Tracker Individual Record

Company: De Beers Group
Current Parent Company: Anglo American PLC
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Penalty: $295,000,000
Year: 2008
Date: May 22, 2008
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: De Beers agreed to pay $295 million to settle litigation alleging it monopolized the market for rough diamonds.
Level of Government: federal
Action Type: private litigation
Court: District of New Jersey
Civil or Criminal Case: civil
Case ID: 2:04cv2819
Case Name: Sullivan et al v. DB Investments, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: mining and minerals
Specific Industry of Current Parent: mining
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.