| | #694: 10-13-04 BAYER AG AGREES TO PLEAD GUILTY AND PAY $4.7 MILLION CRIMINAL FINE FOR PARTICIPATING IN SYNTHETIC RUBBER ... (Site not responding. Last check: 2007-10-31) |
 | | According to the one-count felony charge filed in the U.S. District Court in San Francisco, Bayer AG conspired from May, 2002 through December, 2002 with unnamed co-conspirators to suppress and eliminate competition for NBR in the United States and elsewhere. |
 | | Under the plea agreement, which must be approved by the court, Bayer AG has agreed to assist the government in its ongoing investigation. |
 | | Bayer AG was charged with violating Section 1 of the Sherman Act, which carries a maximum fine of $10 million for corporations and a maximum penalty of three years imprisonment and a fine of $350,000 for individuals for violations occurring before June 22, 2004. |
| www.justice.gov /opa/pr/2004/October/04_at_694.htm (392 words) |