BASF Wins $85M In Antitrust Damages From Delaware Trial
By Jeff Montgomery (September 15, 2021, 1:21 PM EDT) -- A federal jury in Delaware handed BASF Corp. an effective $84.9 million award Wednesday after agreeing with claims that specialty chemical and carbon product maker Ingevity Corp. violated antitrust laws in an effort to protect its dominance in markets for vehicle fuel vapor capture components.
The six-woman, two-man jury deliberated for more than two hours Tuesday and four hours Wednesday before delivering their decision to U.S. District Judge Richard G. Andrews.
Accepted with the verdict were two claims accusing Ingevity of violating Sections 1 or 2 of the Sherman Act or Section 3 of the Clayton Act. The jury pegged the...
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