Masco Puts Up $75M To End Fiberglass Price-Fixing Action

Law360, New York (July 27, 2012, 6:14 PM EDT) -- Fiberglass insulation contractor Masco Corp. has agreed to hand over $75 million to settle a price-fixing class action brought by independent contractors in Georgia federal court, according to Thursday filing with the U.S. Securities and Exchange Commission.

The class action, filed in October 2004, accuses Masco of violating federal antitrust laws by orchestrating a conspiracy between several fiberglass insulation manufacturers to fix prices from Jan. 1, 1999, to 2004. The plaintiffs include Columbus Drywall & Insulation Inc., Lee Jones Insulation Inc. and Southland Insulators Inc....
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