Bayer Fined $3.8M In Canada For Rubber Cartel

Law360, New York (October 30, 2007, 12:00 AM EDT) -- Bayer AG has pled guilty in Canada to taking part in three schemes to fix international prices for rubber chemicals, and agreed to shell out $3.8 million in fines, the Canadian competition watchdog announced Tuesday.

The German chemicals maker will pay about $3 million for rigging the market for rubber chemicals and $419,600 for participating in a plot to fix nitrile rubber prices, the Candadian Competition Bureau said. American subsidiary Bayer Corp. will also pay $362,000 for scheming to adjust prices for aliphatic polyester polyols made...
To view the full article, register now.