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.

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.