DuPont Dow proposes $25.4 million EPDM suit settlement

Wilmington Delaware–DuPont Dow Elastomers LLC is proposing a $25.4 million settlement with purchasers of EPDM rubber from Jan. 1, 1997-Dec. 31, 2001, to settle a class action lawsuit pending against it for price-fixing.

The firm disclosed the settlement proposal in legal ads. The court hearing the suit, the U.S. District Court for the District of Connecticut, has scheduled a hearing for May 20 to determine whether the proposed settlement and plan of allocation are fair, reasonable and adequate, the settlement document said.

The document also states DuPont…

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