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Business
Titanium Dioxide Makers Settle Suit
by Marc S. Reisch
September 16, 2013
| A version of this story appeared in
Volume 91, Issue 37
Titanium dioxide makers Kronos and Cristal have agreed to pay $35 million and $50 million, respectively, to settle a class-action lawsuit brought by a number of small paint companies. The two firms were the last to settle charges that they conspired to artificially increase prices of TiO2, a white pigment, between 2003 and 2013. In July, Huntsman Corp. agreed to pay $6.5 million, and in August, DuPont said it would pay $72 million. Huntsman and DuPont both denied fixing prices but said they settled to avoid protracted litigation.
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