Dow appeals polyurethane cartel fine and verdict

URETHANES TECHNOLOGY INTERNATIONAL

Published: March 7, 2013 12:19 pm ET
Updated: March 8, 2013 10:37 am ET

Related to this story

Topics Materials, Legal, Materials Suppliers
Companies & Associations Dow Chemical Co.

KANSAS CITY, KAN. — Dow Chemical Co. has clarified the basis of its disagreement with the verdict passed by U.S. District Court in Kansas City over a fine of $400 million for its role in fixing prices in polyurethane precursors.

In a filing on March 5, Dow asked the trial judge to rule on the jury verdict reached two weeks ago.

The filing says: “We strongly believe the jury rejected the sole conspiracy that the plaintiffs put before the jury, and we therefore have asked the Court to enter a verdict in Dow’s favor as a matter of law or, alternatively, order a new trial. Dow also has filed a supplement to its earlier motion to decertify the class, since the jury, by its verdict, rejected the class-wide claim. Dow has always denied plaintiffs’ allegations of price fixing.”

It continues: “This same matter was thoroughly investigated by the U.S. Department of Justice from 2005 through 2007. Dow fully cooperated with the DOJ, and the DOJ closed the investigation in December 2007 without bringing charges against any person or entity. Consistent with the outcome in this earlier DOJ investigation, Dow should not be held liable in the civil case and will pursue this matter to a successful conclusion.”


Comments

Dow appeals polyurethane cartel fine and verdict

URETHANES TECHNOLOGY INTERNATIONAL

Published: March 7, 2013 12:19 pm ET
Updated: March 8, 2013 10:37 am ET

Post Your Comments


Back to story


More stories

Image

'Thermoforming has nearly limitless possibilities'

April 18, 2014 12:54 pm ET

Julie McAlindon of PolyOne Corp. speaks about the future of thermoforming and the integration of Spartech Corp.    More

Image

Ascend targets nylon for auto applications, opening propylene monomer unit in Texas

April 18, 2014 10:57 am ET

Materials firm Ascend Performance Materials Inc. is in full operation at its new nylon 6/6 compounding line in Florida and will break ground by the...    More

Dutch company launching $100 million PP, PE recycling plant

April 18, 2014 10:42 am ET

Quality Circular Polymers is building a new plastics recycling operation in Geleen, the Netherlands' Chemelot industrial chemical site, with a...    More

Lumena suspends trading, delays report amid claims of 'misrepresenting' financials

April 18, 2014 10:19 am ET

China Lumena New Materials Corp., which says it has the world's largest manufacturing capacity for polyphenylene sulfide resin, has suspended its...    More

PolyQuest spins off FiberQuest unit

April 18, 2014 10:14 am ET

PolyQuest Inc. has spun off its FiberQuest unit — which distributes polyester staple fibers and cotton — as a separate company.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events