144:). ADM entered into a plea agreement in which ADM pleaded guilty to both antitrust counts and agreed to pay a combined fine of $ 100 million ($ 70 million for the lysine count and $ 30 million for the citric acid count). This is equivalent to $ 237.10 million in present-day terms and was at the time the largest antitrust fine ever imposed.
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and U.S.-based Korean subsidiary Sewon
America, Inc. and their executives agreed to pay more than $ 20 million combined for their participation in the lysine conspiracy. The Department of Justice recovered more than $ 195 million in fines arising from its investigation.
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194:"Archer Daniels Midland Co. to Plead Guilty and Pay $ 100 Million for Role in Two International Price-Fixing Conspiracies"
296:"Justice Department's Ongoing Probe Into the Food and Feed Additives Industry Yields $ 25 Million More in Criminal Fines"
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and to restrain or eliminate competing suppliers of these additives in violation of
Section 1 of the
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The United States' charges against ADM were the second round of charges brought as a result of the
124:(ADM) and other corporations and individuals engaged in a conspiracy to fix and maintain prices of
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269:"Antitrust Division Sherman Act Violations Yielding a Corporate Fine of $ 10 Million or More"
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was a criminal case filed on
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United States
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247:"Pushing the Frontiers of Antitrust Law: Recent Developments"
256:. Washington, D.C.: Energy & Mineral Law Foundation.
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298:(Press release). Washington, D.C. Archived from
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192:U.S. Department of Justice (October 15, 1996).
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409:lysine price-fixing conspiracy
170:Lysine price-fixing conspiracy
122:Archer Daniels Midland Company
49:Archer Daniels Midland Company
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267:U.S. Department of Justice.
245:Smith, Wm. Randolph (2000).
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271:. Data.gov. Archived from
157:Kyowa Hakko Kogyo Co. Ltd.
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453:Price fixing convictions
458:Archer Daniels Midland
349:Archer Daniels Midland
134:Sherman Antitrust Act
100:Sherman Antitrust Act
431:United States v. ADM
206:on November 30, 2010
234:on October 12, 2008
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383:Patricia A. Woertz
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96:price fixing
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130:citric acid
108:citric acid
66:96-CR-00640
55:Prosecution
447:Categories
176:References
92:Antitrust
45:Defendant
164:See also
142:§ 1
86:Keywords
63:Citation
306:May 12,
279:May 12,
210:May 12,
426:(film)
418:(book)
356:People
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126:lysine
104:lysine
250:(PDF)
204:(PDF)
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35:Court
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
