Objection To $835M Dow Price-Fixing Settlement Overruled
Law360, Los Angeles (July 29, 2016, 11:24 PM EDT) -- A Kansas federal judge on Friday approved an $835 million settlement between Dow Chemical and a customer class alleging it fixed prices on a foam product ingredient, overruling objections by PMC Global Inc. and calling the manufacturer’s claims for purchases between 1999 and 2000 “simply dead.”
In his ruling, U.S. District Judge John W. Lungstrum rejected PMC Global’s argument that a February 2013 award that didn’t include damages for purchases made prior to November 2000 should not be dispositive on the issue but merely one factor to consider. The judge said he was unpersuaded that PMC Global’s claims for that time...
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