Bankrupt Domfoam Settles Claims In Foam Antitrust MDL

Law360, New York (March 7, 2012, 7:26 PM EST) -- Direct purchasers accusing Domfoam International Inc. of participating in a price-fixing conspiracy agreed Wednesday to drop their claims against the bankrupt company in exchange for its cooperation against the remaining defendants in multidistrict litigation targeting polyurethane foam makers.

Representatives for a proposed class of direct purchasers filed a motion urging an Ohio federal judge to preliminarily approve a voluntary dismissal and settlement agreement that requires Domfoam and its affiliates A-Z Sponge and Foam Products Ltd. and Valle Foam Industries to provide cooperation that will assist the...
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