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AkzoNobel says US subsidiary was target of $66-million "external fraud"

1:01 PM MST | November 18, 2014 | Vincent Valk

AkzoNobel says one of its US subsidiaries in Chicago was the target of “external fraud [that] involves an amount of up to €53 million ($66 million),” the company says.  AkzoNobel says that "at this stage the company is not...


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European Commission investigates DuPont and Honeywell refrigerant collaboration

The European Commission has issued a statement of objections to Honeywell and DuPont, citing its preliminary view that joint cooperation entered into 2010 concerning the production of refrigerant R-1234yf, also known as HFO-1234yf, used in automotive air-conditioning systems may have breached European Union (EU) antitrust rules....

Court finds against DuPont in patent dispute with MacDermid

A US district court in New Jersey issued an opinion last week siding with MacDermid in a patent dispute over flexographic imaging plates. The dispute relates to thermal processing for flexographic imaging plates, which are used in packaging materials and...

Momentive Performance Materials moves closer to Chapter 11 exit

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DuPont files suit against SunEdison over solar-paste patent

DuPont has filed a patent infringement suit in US court in Delaware alleging that SunEdison has violated the company’s patent on using tellurium in front-side silver solar pastes. The suit also identifies Neo Solar Power (Hsinchu, Taiwan) and Fextronics...

European Commission urges Germany to act more against nitrate pollution in water

The European Commission says it is urging Germany to take stronger measures to combat water pollution caused by nitrates. The latest figures submitted by Germany in 2012 show that pollution in ground- and surface water caused by nitrates is getting worse...

RPM earnings rise, subsidiary agrees to settle asbestos claims

RPM today reported fiscal fourth-quarter net income up 66.4% year-on-year (YOY), to $108.8 million, on sales up 9.1%, to $1.28 billion. On an adjusted basis—excluding some charges during last year’s quarter—net income rose 14.1% YOY...

Court grants Momentive Performance Materials access to bankruptcy financing

Momentive Performance Materials (MPM) has been granted access to the full $570-million debtor-in-possession (DIP) financing facility by the US Bankruptcy Court for the Southern District of New York, the company says. The DIP financing will allow the company...

Kemira settles damage claim litigation related to hydrogen peroxide price-fixing case

Kemira says it has signed an agreement 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 price-fixing case in...

Comex Mexico files suit against Sherwin-Williams over deal termination

Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The company has asked the International Chamber of Commerce (ICC) to arbitrate the...

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