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…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with