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Arkema, Others Strike $15M Deal In Antitrust Action

Law360 (April 23, 2009, 12:00 AM EDT) -- Chemical companies Evonik Degussa Corp., Lucite International Inc., Arkema Inc. and Imperial Chemical Industries Ltd. have agreed to pay a total of $15.1 million to settle a long-running class action alleging a conspiracy to drive up the prices of methyl methacrylate and acrylic.

In a motion filed Wednesday with the U.S. District Court for the Eastern District of Pennsylvania, the plaintiffs asked a judge to approve four separate settlement agreements following negotiations with the four chemical makers, as well as some subsidiaries.

Under the agreement, direct...
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