Innospec Faces Antitrust Suit Over Fuel Additive Bribes

Law360, New York (July 23, 2010, 7:26 PM EDT) -- NewMarket Corp. and Afton Chemical Corp. filed a lawsuit Friday accusing specialty chemical company Innospec Inc. of violating the Robinson-Patman Act and the Virginia Antitrust Act by paying off officials in Iraq and Indonesia to secure sales of Innospec's tetraethyl lead fuel additive.

Richmond, Va.-based NewMarket and Afton lodged their three-count complaint, which seeks treble damages, in the U.S. District Court for the Eastern District of Virginia against Innospec and its subsidiary Alcor Chemie Vertriebs GmbH.

The lawsuit arises out of Innospec's March guilty pleas in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.