Chemtura Announces Decision in European Union Rubber Chemicals Investigation and Settlements in Antitrust Lawsuits

23-Dec-2005

Chemtura Corporation announced that the European Commission (EC) has imposed a fine of Euros 13.6 million (approximately $16 million) on the company in connection with the EC's rubber chemicals investigation. Chemtura's continual cooperation with the EC throughout its investigation of conduct prior to October 2002 resulted in the company receiving maximum leniency, a 50 percent reduction in its fine. The company believes that this marks the end of coordinated investigations by the United States, Canada and the European Union that were first publicly announced in the fall of 2002.

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