IHS Chemical Week

Dow Chemical appeals urethanes price-fixing award

11:43 AM MDT | May 17, 2013

Dow Chemical says it will appeal the judgment entered against the company in connection with a case covering alleged urethanes price fixing. Dow says that the award of $1.2 billion, resulting from the judgment, is essentially the same as the $400-million damage award announced on 20 February, after the US antitrust law's trebling effect. In a statement, Dow said that it will appeal the judgment against the company. "We believe that the jury's findings required that judgment should have been entered in Dow's favor and that the class should have been decertified...

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