January 27, 2014

"Paint-pigment makers agree to pay $164M"

The Maryland Daily Record reports on the settlement of a multi-million dollar class-action suit in which Shapiro Sher partner Paul Mark Sandler served as plaintiffs' lead trial counsel.

The suit, filed in February 2010, alleged that E.I. DuPont De Nemours & Co. and three other chemical companies conspired to fix the price of titanium dioxide, an ingredient used in paint production. Under the settlement DuPont will pay $72 million, Cristal USA Inc. (formerly known as Millennium Inorganic Chemicals Inc., of Hunt Valley, MD) will pay $50 million, Texas-based Kronos Worldwide Inc. will pay $35 million and Utah-based Huntsman International LLC will pay $6.5 million.

The article in the Maryland Daily Record is by subscription only. Read more about the case here.