An antitrust class action alleging price-fixing of Polychloroprene Rubber (“PCP”) by defendant DuPont Dow Elastomers LLC (“DDE”) and its co-conspirators during the Class Period of January 1, 1999 to December 31, 2003.
Polychloroprene is used primarily for gaskets, cable jackets, tubing, seals, O-rings, tire-sidewalls, gasoline hoses and weather-resistant products such as wet suits and orthopedic braces. It is also used as a base resin in adhesives, electrical insulations and coatings.
The settlement with DDE was $36 million.