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Kemira settles claim

6:13 AM MDT | June 13, 2014

Kemira has agreed with Cartel Damage Claims (CDC; Brussels) to settle a lawsuit at Helsinki. The settlement concerns claims assigned to CDC, based on which CDC has claimed compensation for alleged damages related to a hydrogen peroxide price-fixing case between 1994 and 2000, Kemira says. CDC has agreed to withdraw the damage claims, and Kemira has agreed to pay to CDC compensation of €18.5 million ($25 million) as well as compensate CDC for its legal costs, Kemira adds. CDC is a private antitrust enforcement...

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