Lysine and Price Fixing: How Long? How Severe?

Lysine and Price Fixing: How Long? How Severe? In October 1996 the Archer Daniels Midland Company(ADM) pleaded guilty to criminal price fixing withrespect to sales of lysine and agreed to pay a $70million fine. Earlier, in August 1996 two Japaneseproducers and a Korean producer of lysine had agreedto plead guilty to criminal price fixing charges. Andearlier still, in July 1996 ADM and the two Japanesecompanies settled the civil suits filed by some harmedbuyers by agreeing to pay a sum of $45 million. Review of Industrial Organization Springer Journals

Lysine and Price Fixing: How Long? How Severe?

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Kluwer Academic Publishers
Copyright © 2001 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
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