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Innospec and Ethyl Settle TEL Contract Disputes
8:39 AM MDT | August 1, 2007 | Nancy Seewald
Innospec and Ethyl say they have resolved all pending arbitration relating to alleged violations of their tetraethyl lead (TEL) sales and marketing contracts. The companies had swapped allegations in the London Court of International Arbitration last year (CW, Oct. 25, 2006, p. 8). Innospec sued Ethyl for $40 million in damages for “actively marketing and selling” methylcyclopentadienyl manganese tricarbonyl (MMT) outside of the U.S., which Innospec claimed violated a clause in their supply contract that required both parties to refrain from...
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