We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bayer Fined $3.8M In Canada For Rubber Cartel

Law360 (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.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.