Drywall Makers To Pay $125M To Settle Price-Fixing Claims

Law360, New York (January 2, 2018, 4:54 PM EST) -- Several drywall manufacturers have agreed to pay a class of direct purchasers an additional $125 million to settle price-fixing claims in multidistrict litigation being overseen by a Pennsylvania federal court, class counsel said Tuesday.

Co-counsel for the class, Cohen Milstein Sellers & Toll PLLC, said in a statement Tuesday that the agreements bring the total settlement amount for the class up to $190.7 million, and said the deal concludes the direct purchasers’ portion of the litigation. The latest settlements were struck with affiliates of American Gypsum Co., National Gypsum Co. and PABCO Building Products LLC, while prior agreements were reached with...

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