Dow Chemical Co and plaintiffs that won a $1.06 billion judgment against the company over claims it artificially inflated polyurethane prices indicated in a Supreme Court filing on Monday they were settling the case but then abruptly backtracked.
Both sides now say no settlement has been reached.
Lawyers for Dow and for the companies that sued the chemical giant for alleged price fixing filed a joint motion with the court on Monday saying the parties had “reached a written settlement,” conditioned upon the Supreme Court justices putting the case on hold. The court docket noted that the motion was then withdrawn.
The court has not yet acted on the petition filed by Dow contesting the judgment but the docket indicates the case has not been put on hold.
Full content: CNBC
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