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Columbian Chemicals Settles Carbon Black Case

Law360 (June 18, 2007, 12:00 AM EDT) -- Columbian Chemicals Co. has agreed to pay $6 million to settle a class action that accuses it and other specialty chemicals manufacturers of fixing the price of carbon black sold in the United States.

The settlement, which awaits approval by the U.S. District Court for the District of Massachusetts, was reached Thursday. It came the same day fellow defendant Cabot Corp. agreed to pay $10 million for its role in the alleged scheme.

Neither company admitted wrongdoing in the matter.

“Cabot agreed to the settlement to...
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