Dow Decides To Settle Supreme Court Case For $835 Million After Scalia’s Death
Dow Chemical Co. has agreed to pay $835 million to settle an antitrust case pending before the U.S. Supreme Court after the death of Justice Antonin Scalia reduced their chances of overturning a jury award.
According to Bloomberg:
Dow, the largest U.S. chemical maker by sales, said Friday the accord will resolve its challenges to a $1.06 billion award to purchasers of compounds for urethanes, chemicals used to make foam upholstery for furniture and plastic walls in refrigerators.
The Midland, Michigan-based company disputed a jury’s finding it had conspired with four other chemical makers to fix urethane prices and asked the Supreme Court to take the class-action case on appeal. Scalia, one of the court’s most conservative members, had voted to scale back the reach of such group suits.
So they kept this going because they had a “man” in the Supreme Court who could help them.
The United States is a capitalist country – we shouldn’t be surprised that corporations control literally everything.