Zeon to pay $10.5 million fine in NBR price-fixing plea

WASHINGTON, D.C. (Jan. 12) — Zeon Chemicals L.P. has agreed to plead guilty and to pay a $10.5 million criminal fine for participating in a conspiracy to fix prices of nitrile rubber.

According to the one-count felony charge filed in the U.S. District Court in San Francisco, Zeon Chemicals–a wholly owned subsidiary of Japan’s Zeon Corp.–conspired from May 2002 through December 2002 with unnamed co-conspirators to suppress and eliminate competition in the market for NBR in the U.S. and elsewhere.

Under the plea agreement, which must…

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