ARCHER DANIELS MIDLAND: PRICE FIXER TO THE WORLD

Both market structure and corporate practices of Archer Daniels Midland fostered the implementation of the largest price- fixing conspiracies seen in modern times. These events have spurred renewed attention by U.S. antitrust authorities in prosecuting international cartels. The overcharges imposed on buyers of lysine and citric acid during 1994-1995 by ADM and its co-conspirators amounted to at least $200 million, and the total amount of public penalties, private damages, and legal costs exceeds $500 million. Perpetrators of price-fixing now face monetary exposures that are five times the amount of the harm caused to buyers.


Issue Date:
1997
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/28653
Total Pages:
46
Series Statement:
Staff Paper 97-04




 Record created 2017-04-01, last modified 2017-08-24

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