Degussa U.K. pleads guilty to price-fixing in organic peroxides

WASHINGTON (Oct. 4)–Degussa U.K. Holdings Ltd. has agreed to plead guilty and pay a $1.5 million fine for participating in a criminal conspiracy that suppressed competition in world markets for organic peroxides, according to the U.S. Department of Justice.

Degussa U.K. Holdings was charged in U.S. District Court in San Francisco with one count of conspiring to fix the prices of organic peroxides, specifically t-butyl perbenzoate and t-butyl peracetate, sold in the U.S. and elsewhere from August 1997 until March 1998.

Organic peroxides are used in the…

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