Cabot To Pay $10M To Settle Carbon Black Case

Law360, New York (June 13, 2007, 12:00 AM EDT) -- Cabot Corp. has decided to settle the federal class actions accusing the company and other specialty chemicals manufacturers of fixing prices for carbon black sold in the United States.

Boston-based Cabot said Wednesday it plans to pay $10 million as part of the settlement, which awaits approval by the U.S. District Court for the District of Massachusetts, according to a company filing with the U.S. Securities and Exchange Commission.

Carbon black is an engineered compound made by partially combusting petroleum or natural gas. The compound is...
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