LAWSUITS NEWS & LEGAL INFORMATION
Cabot Corp.
This is a settlement for the Antitrust lawsuit.
Boston, MA: (Jun-13-07) A federal class action lawsuit was filed against specialty chemicals maker Cabot Corp., alleging that it and other carbon black manufacturers violated antitrust laws in setting prices for carbon black sold in the United States. There are suits pending in several state courts brought by purported classes of purchasers of carbon black, and a single federal case brought by a party that did not join the federal class action.
In a settlement reached with the Securities and Exchange Commission, Cabot Corp. agreed to pay its share of $10 million to end the lawsuit, thought it did not admit to any wrongdoing. Cabot officials claimed that the settlement was reached to avoid the costs of drawn out litigation. Boston-based Cabot said it will continue to defend the remaining antitrust lawsuits pending against it. [FORBES: CARBON BLACK ANITRUST]
Published on Jun-14-07
In a settlement reached with the Securities and Exchange Commission, Cabot Corp. agreed to pay its share of $10 million to end the lawsuit, thought it did not admit to any wrongdoing. Cabot officials claimed that the settlement was reached to avoid the costs of drawn out litigation. Boston-based Cabot said it will continue to defend the remaining antitrust lawsuits pending against it. [FORBES: CARBON BLACK ANITRUST]
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