Specialty chemicals maker Cabot Corp. has agreed to settle the federal class action lawsuits pending against the company that alleged it and other carbon black manufacturers violated antitrust laws in setting prices for carbon black sold in the United States.

According to a filing with the Securities and Exchange Commission, Cabot's share of the settlement cost is $10 million.

As usual, Cabot denied any wrongdoing of any kind. It even claimed it had "good defenses to these claims."

The settlement agreement is subject to court approval. Boston, Massachusetts-based Cabot will apparently continue to defend the remaining antitrust lawsuits pending against it.

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 single party that did not join the federal class action.

We're here to help!

We live by our creed of "helping those who need it most" and have helped thousands of clients get the justice they desperately needed and deserved. If you feel you have a case or just have questions please contact us for a free consultation. There is no risk and no fees unless we win for you.

Fields marked    may be required for submission.
  1. I'm an attorney

Carbon Black Maker Pays $2 million in Damages

Almost three years after a U.S. District Court jury returned an almost $2 million damage award against...

Continental Carbon Co. Appeals $20.7 Million Verdict

The Continental Carbon Co. filed a petition Wednesday asking the 11th Circuit U.S. Court of Appeals to...

Court Upholds $20M Verdict in Pollution Case

The 11th Circuit U.S. Court of Appeals has upheld a 2004 jury verdict awarding the city of Columbus, a...

3M Agrees to Pay $1.5M in Chemical Case

3M Co. agreed Tuesday to pay a $1.5 million penalty to the U.S. Environmental Protection Agency for 244...

Lethal Chemicals stored near Largest Population Centers

Experts call it one of the worst-case scenarios in a terror attack: a cloud of lung-melting gas or a...

Carbon Company President Testifies

Jurors in the Action Marine vs. Continental Carbon trial saw Pan's deposition play out on a large screen...

Best for clients

Great firm. Supports the community. They want what is best for their clients.