MIDDLEBURY, Conn. (May 14)—In its quarterly report filed with the U.S. Securities and Exchange Commission May 12, Crompton Corp. said it has had preliminary discussions with the U.S. Department of Justice regarding a possible plea to violations of antitrust laws with regards to an on-going investigation of rubber chemical price-fixing. "At this time, the company cannot predict the outcome of those discussions, including the timing or the terms of any agreement with the DOJ or the amount of any fines that may be imposed," Crompton said in the filing. "Moreover, at this time, the company cannot determine the extent to which criminal or civil fines or other sanctions might be imposed by the other governmental authorities." In connection with its internal investigations of any improper or criminal conduct by current and former officers and employees, Crompton said it has placed a senior officer of the company on paid administrative leave. Crompton and its affiliates have received amnesty from criminal penalties and fines in the ongoing EPDM rubber antitrust investigation, in exchange for cooperating with the Justice Department.
Crompton may plead guilty in rubber chemicals antitrust investigation
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