Honeywell Accused Of Monopolizing Chemical Market

Law360, New York (March 22, 2006, 12:00 AM EST) -- Honeywell International Inc. is facing a federal antitrust lawsuit for allegedly using monopoly power in a niche chemical industry to break a pricing agreement with its biggest customer for the product.

The suit was filed by refrigerant chemical firm Ineos Fluor Americas LLC, which accused Honeywell of breaking its long-term pricing agreement for hydrogen fluoride after Honeywell bought a controlling supply from its only competitor.

“Honeywell agreed to the terms of the agreement, including its price cap mechanism for hydrogen fluoride inputs, in order to prevent...
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