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Business Crimes Hotline
CALIFORNIA
Criminal Antitrust Conspiracy
In a one-count felony case filed in the United States District Court in San Francisco, HoechstAktiengesellschaft,an international chemical conglomerate based in Germany, has agreed to plead guilty and pay a $12 million fine for its participation in a conspiracy that allegedly suppressed competition in the world markets for monochloroacetic acid (MCAA), an industrial chemical used in the production of commercial and consumer products, including pharmaceuticals, herbicides, and plastic additives. Hoechst was charged with fixing prices and allocating market shares of MCAA sold in the United States and abroad from September 1995 until June 1997.
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