A chemical company and its former vice president have been hit with three price-fixing suits following the executive’s guilty plea on an antitrust conspiracy charge.
Frank Reichl pleaded guilty Oct. 27 to one count of Sherman Act conspiracy, 15 U.S.C. 1. Reichl admitted participating in a scheme to suppress and eliminate competition in the sale and marketing of liquid aluminum sulfate by agreeing to rig bids. A statement about Reichl’s guilty plea from the U.S. Department of Justice said he is “the first defendant to plead guilty to participating in the decade-and-a-half-long conspiracy,” and that “we continue to work with our partners at the FBI to hold offenders in this industry criminally accountable.” No other charges have been announced.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
