Case Overview: Chemical manufacturing giants BASF, Bayer, DowDuPont, and others conspired to shut down plants and curb production in order to lower global supply and increase prices for polyurethane building blocks, according to a proposed antitrust class action.
The companies, which also include Dow Chemical Co., Covestro AG, Huntsman Corp., Lanxess AG, Mitsui Chemicals Inc., and Wanhua Chemical Group Co. Ltd., as well as corporate affiliates, are “recidivist antitrust violators” who’ve faced civil and criminal cases for past conduct, and this time they coordinated a series of plant shutdowns and “near-simultaneous increases” in prices for two chemicals known as Isocyanates, the manufacturer said.
Eligibility: Businesses in the United States who purchased Methylene Diphenyl Diisocyanate (MDI) Products directly from any of the Defendants or their subsidiaries or affiliates any time after January 1, 2016.
- Current Settlement Total: TBD
- Defendants: BASF, Bayer, Covestro, DowDupont, Dow Chemical, Huntsman Corp, MCNS, Mitsui Chemicals, Wanhua Chemical
- Covered Period: After January 1, 2016
- Filing Deadline: TBD
- Contact DSG
View the class action summary in a PDF.