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Judge orders Dow Chemical to pay $1.2 billion for price-fixing

A federal jury found the company guilty of fixing urethane prices over a five-year period

A federal judge has ordered Dow Chemical Co. to pay $1.2 billion for fixing prices on the chemical urethane, upholding an earlier guilty verdict handed down by a federal jury earlier this year.

In 2005, more than 60 urethane purchasers accused Dow and fellow chemical companies Huntsman International, Lyondell Chemical Co., BASF SE and Bayer AG of fixing prices on the chemical over a five-year span beginning in 1999. Urethane is used to manufacture foam components in packaging, cars and furniture.

Alanna Byrne

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