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Business

… And Appeals A Price-Fixing Verdict

by Marc S. Reisch
May 27, 2013 | A version of this story appeared in Volume 91, Issue 21

Dow Chemical says it will appeal a $1.2 billion award that a Kansas City, Kan., federal court judge ordered it to pay to plaintiffs in a urethane foam chemicals price-fixing case. The judge’s decision triples the $400 million in damages a jury awarded after a trial that ended in February. Dow notes that a Department of Justice criminal investigation of the price-fixing allegation concluded in 2007 without charges against the firm. As a result, Dow says, it should not be held liable in the civil case. BASF, Bayer, and Huntsman Corp., also accused of price-fixing, settled out of court for a total of $139 million.

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