Paint Giants Win Approval Of $39M Settlement

Law360, New York (January 8, 2007, 12:00 AM EST) -- Sherwin-Williams Co. and PPG Industries Inc. have gotten a federal judge’s preliminary approval to shell out a combined $39 million to settle an antitrust suit that accused the defendants of participating in a price-fixing conspiracy for automotive refinishing paint.

If the settlement, which garnered the approval of U.S. District Judge R. Barclay Surrick at the end of December, becomes final, the plaintiff class will have received a total of $105.75 from the defendants, and the case, which was filed in November 2001, will come to a...
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