Price-fixing conspiracy Hoffmann-La Roche
stanley adams, roche s world product manager in basel, contacted european economic community in 1973 evidence roche had been breaking antitrust laws, engaging in price fixing , market sharing vitamins competitors. roche fined accordingly, bungle on part of eec allowed company discover adams had blown whistle. arrested unauthorised disclosure — offence under swiss law — , imprisoned. wife, having learnt might face decades in jail, committed suicide.
in 1999 firm pleaded guilty participation in worldwide conspiracy raise , fix prices vitamins sold in usa , globally. hoffmann-la roche paid $500 million in criminal fines united states.
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