Chemtura rescinds anti-trust settlements in chemicals, EPDM

Middlebury, Connecticut–Chemtura Corp. — the new name for Crompton Corp. — has rescinded parts of a global settlement agreement covering rubber chemicals and EPDM that were intended to resolve consolidated direct purchaser class action lawsuits.

Last January, the Company said it reserved the right to rescind all or part of the global settlement agreement based on the number of members of the applicable classes who exercised their opt-out rights. The company now says that enough potential claimants have opted out of the class action that it…

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