|Overall Cartel Period||1995-2002|
|Participants||Bayer AG; Crompton Corporation|
|Total Fines (DOJ)||$116 million|
|Total Fines (EC)||€75.9 million|
In 2002, the European Commission (“EC”) and the U.S. Department of Justice (“DOJ”) investigated manufacturers of rubber chemicals, which are used to improve the elasticity, strength, and durability of rubber products. The worldwide market for rubber chemicals was estimated at approximately €1.5 billion in 2001. Regulators found that, from at least 1996 to 2001, cartel members exchanged information and agreed to raise prices in the European Economic Area and worldwide markets.
- The DOJ imposed fines totaling over $116 million, and executives from the two largest cartel members entered plea agreements and agreed to serve a total of 17 months in prison.
- The EC imposed fines totaling over €75 million.
- The Canadian Competition Bureau imposed fines of $3.65 million (CAD) on Bayer and $9 million (CAD) on Crompton.
- Corporate Participants with the DOJ
- Individual Participants with the DOJ
- Corporate Participants in Other Jurisdictions
|Individual||Company||Prison Sentence||Fine (USD)||Plea Date||Plea Agreement|
|Martin Petersen, Head of Marketing and Sales for the Rubber Group||Bayer AG||4 months||$50,000||12/02/2004||
|Wolfgang Koch, Product Manager of Rubber Chemicals||Bayer AG||4 months||$50,000||06/24/2005||
|Joseph Eisenberg, Executive VP||Crompton Corporation||No fines imposed|
|James Conway, Executive VP, Performance Chemicals and Elastomers||Crompton Corporation||No fines imposed|
|Bayer AG||$ 2.9 million||10/30/2007|
|Crompton Corporation||$ 9 million||05/28/2004|
|Bayer AG||€ 58.9 million||12/21/2005|
|Crompton Manufacturing Co., Inc. and Crompton Europe Ltd. and Chemtura Corp.||€ 13.6 million||12/21/2005|
|General Quimica SA and Repsol SA||€ 3.4 million||12/21/2005|