The global citric acid conspiracy: Legal-economic lessons

John Connor ()

Agribusiness, 1998, vol. 14, issue 6, 435-452

Abstract: ADM was at the center of two large global price-fixing conspiracies. Buyers were overcharged $116 to $378 million in the United States. Market structure and corporate management style facilitated these cartels. The criminal prosecutions and defendants' legal strategies were both laudatory, but civil plaintiffs were short-changed. ADM has undergone severe management restructuring, but the effectiveness of apprehending global cartels with national legal enforcement is questionable. © 1998 John Wiley & Sons, Inc.

Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:14:y:1998:i:6:p:435-452

DOI: 10.1002/(SICI)1520-6297(199811/12)14:6<435::AID-AGR2>3.0.CO;2-S

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