Abstract
The United States Department of Justice (DOJ) began investigating allegations of price fixing in the market for lysine in late 1992.1 Tape recordings made by an informant of conversations among the lysine conspirators contained language that suggested that parallel conspiracies were ongoing in the citric acid and corn sweeteners industries. Separately, information about possible price fixing in the markets for bulk vitamins came to the attention of the DOJ. In 1995 and 1997, four grand juries were formed to consider the evidence held by the DOJ. Three of the four grand juries determined that there was probable cause for indicting certain companies and individuals for criminal violations of the Sherman Antitrust Act. The DOJ negotiated guilty pleas with a large number of companies and key managers of those companies. However, three executives who refused to such a plea bargain were tried and found guilty in a 1998 federal court. In the late 1990s, officials in an unprecedented number of countries piggybacked on the DOJ’s indictments and brought charges against many of the same defendants for violations of their competition laws.
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© 2001 Kluwer Academic Publishers
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Connor, J.M. (2001). U.S. Government Prosecution of the Cartels. In: Global Price Fixing. Studies in Industrial Organization, vol 24. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-0293-3_13
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DOI: https://doi.org/10.1007/978-1-4613-0293-3_13
Publisher Name: Springer, Boston, MA
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