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Dow Chemical (DOW) loses a $400M jury verdict in a trial over claims it conspired with other...

  • Wednesday, February 20, 5:31 PM ET
    Dow Chemical (DOW) loses a $400M jury verdict in a trial over claims it conspired with other chemical makers to fix the price of urethane products used in making cars, appliances and furniture. The plaintiffs had asked for $1.125B in damages. Shares -0.9% AH.
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This news story has 2 comments:

  •  
    Who won?

    The lawyers.
    20 Feb, 05:33 PM Reply Like
  •  
    So often price fixing is not due to true collusion, but simply that all parties make public statements to the effect that they are "fearful of price erosion". This code means: I won't compete if you won't. They don't actually have to directly communicate to read the code and act accordingly.
    21 Feb, 02:13 AM Reply Like
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