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Company: Siemens Energy, Inc.
Current Parent Company:
Siemens Energy
Parent at the Time of the Penalty Announcement:
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Penalty: $104,000,000
Year: 2024
Date: September 30, 2024
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Siemens Energy, Inc. pleaded guilty and has agreed to pay $104 million to resolve the Justice Department's criminal investigation into violations related to the misappropriation of confidential competitor information.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Eastern District of Virginia
Civil or Criminal Case: criminal
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: energy generation
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
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