Grabar Law Office files price-fixing class action against manufacturers of urethane chemicals – MDI and TDI

Grabar Law Office has filed a putative class action alleging that the top producers of methyl diphenyl isocyanate (MDI) and toluene diisocyanate (TDI) agreed among themselves to fix prices by limiting supply from January 1, 2016 to the present.MDIs and TDIs are precursor ingredients for the manufacture of polyurethane foams, thermoplastic polyurethanes and thermoset urethanes. Flexible polyurethane foam is used in products such as mattresses, upholstered furniture and car seats. Rigid polyurethane foam is used mostly as an efficient insulating material for buildings and refrigeration appliances. Thermoplastic polyurethanes are used in diverse product groups such as clothing, mobile electronic devices and sports equipment.The action arises out of an alleged conspiracy to violate federal antitrust laws by manufacturers and sellers of methylene diphenyl diisocyanate (“MDI”) and toluene diisocyanate (“TDI”) who sold to entities in the United States, its territories and the District of Columbia (and their controlled subsidiaries, affiliates, agents and/or or joint ventures). Those manufacturers and/or sellers consist of: Bayer A.G.; Bayer Corporation; Covestro LLC (formerly known as Bayer MaterialScience LLC); BASF SE; BASF Corporation; Dow Chemical Company; Huntsman International LLC; Huntsman LLC; Huntsman Corporation; Wanhua Chemical Group Co., Ltd.; Wanhua Chemical America Co., Ltd.; Mitsui Chemicals, Inc.; Mitsui Chemicals America, Inc.; MCNS; and MCNS Polyurethanes USA Inc., Lanxess A.G. and Lanxess Corp.News reports have indicated that the top isocyanates producers are presently the targets of a price-fixing investigation by the U.S. Department of Justice.The case is Unicast, Inc. v. Bayer, A.G., et. al., 18-cv-3438 (E.D. Pa.). If you would like to learn more about this action, contact us today!View the Complaint here: Unicast MDI TDI Filed Complaint

Posted in

Grabar Law

Leave a Comment





Categories

Subscribe!