Dow To Pay $400M To End Opt-Out Urethane Price-Fix Claims

Law360, Los Angeles (April 6, 2016, 7:28 PM EDT) -- Dow Chemical Co. said Wednesday that it has agreed to pay $400 million to settle antitrust claims by customers who opted out of a class action accusing the company of fixing the price of urethanes, a month after agreeing to drop its U.S. Supreme Court appeal and pay class members $835 million.

Dow was accused of colluding with other businesses to artificially inflate the prices of urethane chemicals. (Credit: AP) The settlement was reached amid a jury trial that began March 8 in New Jersey federal court. On Tuesday, U.S. District Judge William J. Martini agreed to dismiss the suit with...

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