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Bayer Unit Agrees to Fine for Price Fixing

IN BRIEF / COURTS

October 01, 2004|From Bloomberg News

Bayer's U.S. unit agreed to plead guilty and pay a $33-million fine for conspiring to fix prices of a chemical used to make plastic grocery bags and other consumer products.

The guilty plea by Bayer Corp. would be the first in a U.S. government investigation into price fixing for the chemical additive used in a variety of products, the Justice Department said.

From Bloomberg News

* PalmOne Inc. settled a consumer class-action lawsuit that alleged its older-model hand-held computers could damage desktop computers when users "HotSync" the devices to their PCs. PalmOne denied any wrongdoing or liability in the settlement but agreed to pay affected consumers either $200 in cash or an $80 or $20 credit toward a PalmOne product, depending on the level of proof of damage the consumer provided.

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