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Violation Tracker Individual Record

Company: Evonik Degussa GmbH
Current Parent Company: Evonik Industries
Penalty: $7,000,000
Year: 2009
Date: September 23, 2009
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Evonik Degussa agreed to pay $7 million to direct purchaser plaintiffs to settle litigation alleging it was part of a conspiracy to fix the prices of methyl methacrylate.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:06-md-01768
Case Name: In re: Methyl Methacrylate (MMA) Antitrust 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
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.