Arab Today, arab today us court upholds 11 bn ruling against dow chemical
Last Updated : GMT 13:29:47
Arab Today, arab today
Arab Today, arab today

US court upholds $1.1 bn ruling against Dow Chemical

Arab Today, arab today

Arab Today, arab today US court upholds $1.1 bn ruling against Dow Chemical

A US appeals court has upheld a $1.1 billion antitrust ruling against Dow Chemical
New York - AFP

 A US appeals court has upheld a $1.1 billion antitrust ruling against Dow Chemical that found the chemical giant conspired with competitors to fix prices in the polyurethane market.
The court of appeals in Denver, Colorado late Monday backed a jury's May judgment in a class-action suit which alleged that between 1999 and 2003 Dow, BASF, Huntsman International and Bayer rigged prices for polyurethane products, harming buyers.
Polyurethane is used in consumer and industrial components such as mattress foams, insulation and footwear.
The court cited evidence at trial that included an admission of a price-fixing conspiracy by a Dow official.
Another key witness, from Bayer, described "inappropriate" conversations with competitors and testified that he would take unusual steps to conceal talks, such as using pay phones or meeting with competitors at coffee shops or hotels, the ruling said.
Dow sharply criticized the judgment, saying the matter was "thoroughly investigated" by the Justice Department and did not result in US charges.
"Dow has always denied plaintiffs' allegations of price fixing and will continue to vigorously defend this litigation," the company said.
"Dow will seek further review of this decision, including, if necessary, an appeal to the United States Supreme Court."
Earlier BASF, Huntsman International and Bayer settled the accusations. BASF's settlement was $51 million, Huntsman paid $33 million, and Bayer $55 million.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us court upholds 11 bn ruling against dow chemical Arab Today, arab today us court upholds 11 bn ruling against dow chemical

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us court upholds 11 bn ruling against dow chemical Arab Today, arab today us court upholds 11 bn ruling against dow chemical

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday