McWane Settles Pipe Price-Fixing Suit For $8.8M

By RJ Vogt (December 5, 2017, 6:01 PM EST) -- McWane Inc. agreed Monday to pay roughly $8.8 million to direct purchasers of iron pipe fittings, settling a potential class action in New Jersey federal court that accused the company of fixing prices and other anti-competitive behavior with two of its peers.

McWane was sued in February 2012 along with Star Pipe Products Ltd. and Sigma Corp. and is the last of the three companies to settle. Sigma settled with the direct purchasers for $4.9 million in May 2015, while Star Pipe settled for $3.6 million in July 2015.

Monday's filing said McWane will pay more than the other two defendants...

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