Kaneka Pays $5.9M To Settle Plastic Additives Case

Law360, New York (July 3, 2007, 12:00 AM EDT) -- Kaneka Texas Corp., one of many plastic additives makers targeted in a class action antitrust suit by a large group of plastic companies, has agreed to pay $5.9 million to settle with the plaintiffs.

The agreement, which the parties worked out at the end of March, was approved on Friday by a judge in the U.S. District Court for the Eastern District of Pennsylvania, who deemed it “sufficiently fair, reasonable, and adequate." In addition to its cash payment, Kaneka has agreed to cooperate in prosecuting the...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.