The Urethane Blog

PMC Wants In

PMC Global Says $835M Dow Urethane Settlement Unfair

Law360, New York (July 26, 2016, 12:32 PM ET) — Manufacturer PMC Global Inc. on Monday told a Kansas federal court it objected to a plan to allocate an $835 million settlement with Dow Chemical over price-fixing allegations, saying the fund should reimburse class members who purchased an ingredient used in foam products during 2000 and earlier.

The allocation plan proposed by plaintiffs in the case, which would pay out damages to class members who purchased polyethyl polyol from 2001 through 2003, is unfair because it does not compensate those who purchased the ingredient from Jan….
Here’s the info on PMC, the prior owner of General Foam and other urethane businesses: