Bayer to plead guilty in NBR price-fixing case

SAN FRANCISCO (Oct. 13)–Bayer A.G. has agreed to plead guilty to and pay a $4.7 million criminal fine for participating in a conspiracy to fix the prices of nitrile rubber for eight months during 2002.

According to the one-count felony charge filed in U.S. District Court in San Francisco, Bayer conspired with “unnamed co-conspirators to suppress and eliminate competition” for NBR in the U.S. and elsewhere from May through December 2002.

Under the plea agreement, which must be approved by the court, Bayer has agreed to assist…

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