Ex-Bayer exec Petersen to serve four months in price-fixing case

San Francisco–Former Bayer Corp. executive Martin Petersen has been sentenced to four months in prison and fined $50,000 for his role in the ongoing global rubber chemicals price-fixing investigation.

Petersen, a German national, was head of global marketing and sales for Bayer’s rubber business during 2000-2001. He agreed in November 2004 to plead guilty to participating in the conspiracy and to assist the government in the investigation.

Petersen faced maximum sentences of three years in jail and $350,000 in fines. He has been ordered to serve the…

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