An antitrust class action alleging price-fixing of Polychloroprene Rubber (“PCP”) by DuPont Dow Elastomers LLC (“DDE”) along with defendants, Bayer, Lanxess, Polimeri and Sydial 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.
Settlements exceeded $15 million.