Dow's bid to decertify $1.1bn cartel Class Action rejected

摘要

Denver, Colorado — Dow's bid to strike out a Class Action ruling for price-fixing urethanes based on the assertion the complainants do not constitute a class is being challenged in court. As reported in Urethanes Technology International magazine, Dow was fined $1.1 bn for its part in a cartel to fix the price of urethanes between 1999 and 2003. Other companies including Bayer AG, BASF SE and Huntsman International were named in the suit (04-md-1616). The other companies reached a settlement out of court.