In 2002, the European Commission (“EC”) fined a number of methionine manufacturers a total of €127 million for participating in a price-fixing cartel between 1986 and 1999 in 15 EU member states plus Norway, Iceland and Liechtenstein.
Among those companies named in the EC Decision as cartelists are Aventis SA, Degussa AG and Nippon Soda Company. The cartelists agreed to allocate tenders, fix prices, fix quotas, fix sales conditions, and share geographic markets whilst exchanging information. Methionine is an amino acid used mainly in animal feed for poultry and pigs.
Hausfeld successfully brought proceedings on behalf of a group of methionine purchasers against a number of cartelists in the UK Competition Appeal Tribunal (“CAT”) in December 2009.
If your organisation purchased methionine between 1999 and 2007, then it can recover damages from the members of the cartel.