Dow Chemical Co., one of America's largest chemical manufacturers, agreed on Friday to settle a price-fixing lawsuit for $835 million in the wake of Justice Antonin Scalia's death. The company had challenged a $1 billion judgment in a high-stakes, class-action case. But without Scalia, it appears the new reality at the high court was too big a gamble for the company to continue with the litigation. "Growing political uncertainties due to recent events within the Supreme Court and increased likelihood for unfavorable outcomes for business involved in class action suits have changed Dow’s risk assessment of the situation," the...Dow Chemical Co., one of America's largest chemical manufacturers, agreed on Friday to settle a price-fixing lawsuit for $835 million in the wake of Justice Antonin Scalia's death. The company had challenged a $1 billion judgment in a high-stakes, class-action case. But without Scalia, it appears the new reality at the high court was too big a gamble for the company to continue with the litigation. "Growing political uncertainties due to recent events within the Supreme Court and increased likelihood for unfavorable outcomes for business involved in class action suits have changed Dow’s risk assessment of the situation," the...Share this Article
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