Degussa Seals Deal Over Hydrogen Peroxide Cartel

Law360, New York (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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.