After eight years of litigation, a national construction supply giant has agreed to pay $75 million to settle a massive price-fixing case.
The settlement by Masco Corp., whose brands include Behr paints, Delta faucets and Milgard windows, agreed on the eve of a trial in Atlanta federal court to settle the antitrust class action with 369 independent fiberglass insulation contractors that compete in the insulation installation business.
Masco’s settlement augments an earlier $37 million settlement that class counsel carved out with four other fiberglass insulation manufacturers — Johns Manville, CertainTeed Corp, Knauf Insulation GMBF and Guardian Fiberglass Inc. — who were accused of colluding with Masco and also were defendants in the suit. Another manufacturer, Owens-Corning, filed for bankruptcy protection before the suit was filed and was not named as a defendant.
Class attorneys say that together, the settlements total $112 million in what they believe is the largest antitrust settlement in the history of the Northern District of Georgia.
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