Lysine price-fixing conspiracy
From Wikipedia, the free encyclopedia
The Lysine price-fixing conspiracy of 1999 resulted in fines and two-year prison sentences for executives of a major agricultural company who colluded to fix prices on an called animal feed additive based on lysine.
The investigation yielded nearly $100 million in criminal fines, including a $70 million fine against the U.S. conspirator, Archer Daniels Midland Company (ADM). ADM was fined an additional $30 million for its participation in a separate conspiracy in the citric acid market and paid a total fine of $100 million. Three former high-ranking ADM executives were convicted in September 1998 after a ten-week jury trial. [1]