Huntsman To Pay $33M To Exit Urethane Antitrust MDL

Law360, New York (June 3, 2011, 3:02 PM EDT) -- Huntsman International LLC has agreed to pay $33 million to settle claims from direct purchasers in multidistrict urethane antitrust litigation, while bankrupt Lyondell Chemical Co. likewise reached a deal to exit the long-running case in Kansas, the plaintiffs said Thursday.

Seegott Holdings Inc., Quabaug Corp. and Industrial Polymers Inc. — the representatives for the direct purchaser class — asked the Kansas federal court to sign off on the two settlements, which would leave only Dow Chemical Co. and BASF Corp. as defendants in the case....
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