Westlake to pay $67M in PVC pipe lawsuit settlement
Seeking Alpha
Westlake will pay $67 million to settle a class action lawsuit alleging price-fixing of PVC pipe and fittings in the U.S.Summary
Westlake (WLK) announced a $67 million settlement to resolve a class action lawsuit brought by builders and direct purchasers. The lawsuit alleged price-fixing of polyvinyl chloride (PVC) pipe and fittings within the United States, starting in 2020. The agreement brings an end to the legal challenge concerning the company's pricing practices in the PVC market.
(Source：Seeking Alpha)