Law360 (July 19, 2007, 12:00 AM EDT) -- In a move to bury the hatchet with a group of direct purchasers, Degussa Corp. has won preliminary approval of a proposed settlement in the multidistrict litigation over an alleged hydrogen peroxide cartel.
U.S. District Judge Stewart Dalzell on Tuesday granted a joint motion by Degussa and the plaintiffs for preliminary approval of the proposed settlement after finding that the deal was “sufficiently fair, reasonable and adequate to authorize dissemination of notice” to the settlement class.
Under the terms of the proposed deal, an escrow account...
Degussa Seals Deal Over Hydrogen Peroxide Cartel
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