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Dow Chemical Company: Dow Announces Settlement In Urethanes Opt-Out Case Litigation

The following excerpt is from the company's SEC filing.


The Dow Chemical Company (NYSE: DOW) has entered into a settlement agreement to resolve the Urethanes Opt-Out case litigation. In this settlement, Dow has agreed to pay the opt-out plaintiffs $400 million, which is estimated to result in net cash payments totaling approximately $250 million. The Opt-Out litigation represents claims from purchasers who elected not to be class members in the previously settled Urethanes Class Action matter.

Based on the risk assessment and potential outcomes, Dow believes this settlement is the right decision for the company and its s hareholders.

Although Dow is settling this case, it maintains its position consistent with the position in the class action that the Company never agreed with its competitors to fix polyurethane prices at...