People & Business :: Companies
Court triples Dow's urethanes price-fixing fine, to $1.2 billion
8:33 AM MDT | May 16, 2013 | Natasha Alperowicz
A Kansas federal court on Wednesday ordered Dow Chemical to pay $1.2 billion in a previously announced urethanes price-fixing case, tripling, as expected, the fine announced in February this year. Dow was one of five companies named in a 2005 class action lawsuit for alleged conspiracy to fix urethane prices. The plaintiffs, consumers of isocyanates and polyols, accused Bayer, BASF, Huntsman, LyondellBasell Industries, and Dow for colluding in a price-fixing conspiracy from 1999 to 2003. Dow was the only defendant not to settle out of court...
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