Four non-settling defendants have now won a ruling that effectively kills a settlement in a suit alleging price-fixing conspiracies in the markets for plastics additives. In his opinion in In re Plastics Additives Antitrust Litigation , U.S. District Judge Legrome Davis ruled that the plaintiffs cannot pursue the case as a class action because the theory of their antitrust claims is riddled with fatal flaws. The ruling is a victory for Dow Chemical Co., Union Carbide Corp., Rohm & Haas Co. and Arkema Inc.
September 02, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Nearly $47 million in settlements was struck with seven of the defendants in a suit alleging price-fixing conspiracies in the markets for plastics additives, but the four non-settling defendants have now won a ruling that effectively kills the case.
In his 42-page opinion in In re Plastics Additives Antitrust Litigation, U.S. District Judge Legrome Davis ruled that the plaintiffs cannot pursue the case as a class action because the theory of their antitrust claims is riddled with fatal flaws.
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