Jury orders Dow Chemical to pay $400 million for price-fixing

The company colluded with competitors to set prices of the chemical urethane, a Kansas City court found

Dow Chemical Co. must pay $400 million to a class of purchasers after a federal jury ruled Wednesday that the company conspired to fix prices of the chemical urethane.

Urethane is used to manufacture everything from cars to packaging to furniture. In 2005, a group of more than 60 urethane purchasers filed a class-action lawsuit claiming that Dow, Huntsman International, Lyondell Chemical Co., Bayer AG and BASF SE joined forces to set prices of the chemical for five years beginning in 1999.

Alanna Byrne

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