Cristal, Kronos To Exit Paint Pigment Cartel Suit For $85M

Law360, New York (September 10, 2013, 5:38 PM EDT) -- Cristal USA Inc. and Kronos Worldwide Inc. have agreed to pay $85 million to settle class action allegations that the companies participated in an industry cartel to fix prices for titanium dioxide, a chemical pigment used in paint and other products, according to court documents filed Tuesday in Maryland.

The Cristal settlement was announced last week, and Kronos informed the court Friday that it had reached an agreement to exit the case — yet the terms of the deal had not previously been disclosed. Cristal will pay $50...
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