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Huntsman To Pay $33M To Exit Urethane Antitrust MDL


June 3, 2011

Huntsman International LLC has agreed to pay $33 million to settle claims from direct purchasers in multidistrict urethane antitrust litigation, while bankrupt Lyondell Chemical Co. likewise reached a deal to exit the long-running case in Kansas, the plaintiffs said Thursday.

Seegott Holdings Inc., Quabaug Corp. and Industrial Polymers Inc. — the representatives for the direct purchaser class — asked the Kansas federal court to sign off on the two settlements, which would leave only Dow Chemical Co. and BASF Corp. as defendants in the case.

“Class counsel believe the Lyondell and Huntsman settlements represent a very good result for the class, and we look forward to litigating the case against the remaining defendants,” plaintiffs’ attorney Richard Koffman of Cohen Milstein Sellers & Toll PLLC said Friday.

Read Huntsman To Pay $33M To Exit Urethane Antitrust MDL.