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Leggett Settles Claim for Antitrust Violations

The Company previously reported that it, along with several other plaintiffs, filed a complaint in the United States District Court for the District of New Jersey against BASF Corporation, The Dow Chemical Company, Huntsman International LLC, Lyondell Chemical Company, and their affiliates, alleging that the defendants conspired to fix prices and allocate customers and markets for certain urethane chemical products. The Company previously settled its claims against certain defendants for immaterial amounts and all defendants were dismissed except for The Dow Chemical Company.

We reached a settlement of our antitrust claim against The Dow Chemical Company on April5


2016, by agreeing to release our claim regarding this matter for a net cash payment to the Company of appro ximately $38 million (pre-tax, after...