LAWSUITS NEWS & LEGAL INFORMATION
Dow, DuPont Dow Elastomers, and E.I. du Pont Nemours
This is a settlement for the Antitrust lawsuit.
A class action lawsuit was filed against the three companies claiming they conspired to fix prices of Neoprene, a synthetic rubber used in the manufacture of many consumer products. A Tennessee Circuit Court Judge and jury found it impossible to identify individuals harmed through the defendants' actions and directed the $2.9 million settlement fee go to an appropriate charitable or government organization. Vanderbilt University Law School was deemed appropriate and plans to use the funds to pay for a recently created civil and dispute resolution program. (Oct-31-05)
[NASHVILLE BUSINESS JOURNAL]
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