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

Milliken filing infringement suits

May 17, 2013 2:52 pm ET

SPARTANBURG, S.C. -- Specialty chemicals and textiles maker Milliken & Co. has filed lawsuits against several Asian competitors, claiming they have...    More

Biopolymer maker BioAmber raises $80 million in IPO

May 17, 2013 2:27 pm ET

MINNEAPOLIS — Sustainable chemical maker BioAmber Inc. raised $80 million in an initial public offering of its stock on May 10.    More

Dow loses appeal in urethane chemical price-fixing case

May 17, 2013 9:52 am ET

KANSAS CITY, KAN. — Dow Chemical Co. said it will appeal the ruling by a Kansas City federal judge denying Dow's motion to decertify a price-...    More

Europe focuses on graphene composites

May 17, 2013 9:51 am ET

MANCHESTER, ENGLAND — Ever since it was first separated from graphite in 2004, the possibilities of graphene have proven irresistible to plastic...    More

Upcoming Plastics News Events

June 4, 2013 - June 5, 2013Workforce Solutions West 2013

September 17, 2013 - September 18, 2013Plastics Caps & Closures 2013

November 12, 2013 - November 14, 2013Plastics Building Innovations 2013 Conference

More Events

Market Reports

Automotive Market Review and Outlook 2013 - North America

Plastics News' experts analyze North American automotive sector performance and prospects for future growth. View analysis of automobile manufacturers operating in the region as well as plastics processors that support the sector. Get perspectives from industry thought leaders on trends, product design, and the market outlook.

Learn more

Plastics News Thermoformers 2013 (Full Ranking)

Access data on 224 thermoformers including sales, throughput, number of presses, end markets served, materials processed, and plant locations.

Learn more