Dow urethane pricing trial moving forward

RUBBER & PLASTICS NEWS

Published: February 6, 2014 11:31 am ET
Updated: February 6, 2014 12:19 pm ET

Related to this story

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

The Kansas City federal district court has denied Dow Chemical Co.'s motion to dismiss the urethane chemical price-fixing claims brought by three groups of plaintiffs that opted out of a $1.2 billion class action judgment ordered last May.

Midland, Mich.-based Dow had sought dismissal of the claims brought by plaintiffs' groups led by Carpenter Co., Woodbridge Foam Corp. and Dash Multi-Corp Inc. on the grounds that former or current executives of these companies had invoked Fifth Amendment privilege against self-incrimination in their testimony.

"Defendant has not shown…that those invocations have interfered with the court's docket or the judicial process in general," Judge John W. Lungstrum wrote in his Feb. 3 decision.

"Defendant has also failed to show any culpability or improper conduct by plaintiffs themselves with respect to invocation of the privilege," Lungstrum wrote.

Earlier, in November 2013 and twice in January 2014, the court denied Dow's motions for further discovery in the case.

A Dow spokeswoman said the company was disappointed by Lungstrum's Feb. 3 decision and promised to defend itself vigorously at trial.

"Dow has always denied plaintiffs' allegations of price fixing, and will continue to do so in these proceedings," she said.

Dow and several other urethane chemical manufacturers were named in a price-fixing class action lawsuit that began in 2005. Eventually, all the defendant companies except Dow settled with the plaintiffs.

Carpenter, Woodbridge Foam and Dash Multi-Corp lead plaintiffs' groups that chose to opt out of the $1.2 billion judgment in May 2013 in order to pursue their own cases against Dow.


Comments

Dow urethane pricing trial moving forward

RUBBER & PLASTICS NEWS

Published: February 6, 2014 11:31 am ET
Updated: February 6, 2014 12:19 pm ET

Post Your Comments


Back to story


More stories

Image

Best Places To Work: No. 6, Colors For Plastics

March 4, 2015 12:35 pm ET

Colors For Plastics, which now employs 115 people, started with one man who handled everything.    More

Image

Ineos to combine ABS unit with Styrolution in Americas

March 4, 2015 10:03 am ET

Global materials firm Ineos Group will combine its ABS resin business with its Styrolution unit in the Americas.    More

Image

Bayer to stop MDI production in Brazil

March 4, 2015 9:21 am ET

Bayer AG's Bayer MaterialScience plans to stop production of MDI polyurethane at its plant near Rio de Janeiro in July, removing 55 metric tons per...    More

Image

Bayer expands with acquisition of Germany's Thermoplast Composite

March 3, 2015 10:59 am ET

Bayer AG's Bayer MaterialScience LLC has bought composite materials specialist Thermoplast Composite GmbH based near Nuremberg, Germany.    More

Image

Bayer MaterialScience spinoff on schedule

March 3, 2015 10:14 am ET

The head of Bayer AG said the group still must decide the details to spin off its Bayer MaterialScience plastics group this year.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events