Methyl methacrylate antitrust litigation nears settlement

Any company who purchased MMA (PMMA) within the United States directly from any of the defendants between Jan. 1, 1995 and  Dec. 31, 2003 may be entitled to receive a settlement award in an antitrust suit that is now coming to the settlement phase.

The methyl methacrylate (MMA) lawsuit was filed in the U.S. District Court for the Eastern District of Pennsylvania, and involves companies that produced acrylic products including acrylic resins, sheets, pellets, powders, and molding extrusion compounds containing MMA or polymethylmethacrylate (PMMA) sold under trade names Plexiglas, Perspex, Acrylite, Acryplast, and Lucite.
 
Defendants are: Evonik Degussa GmbH (FKA Degussa AG), Evonik Degussa Corporation (FKA Degussa Corp.), Rohm GmbH & Co. KG, Rohm Americas LLC (NKA Cyro Industries), and Cytec Industries Inc. (collectively “The Degussa Defendants”); Lucite International Inc. (FKA Ineos Acrylics Inc.: “Lucite”); Arkema Inc. (FKA Atofina Chemicals Inc. and ELF Atochem North America Inc.), Arkema France (FKA Arkema S.A, Autofina S.A. and ELF Atochem S.A.), and Altuglas International (The “Arkema Defendants); and Imperial Chemical Industries PLC and ICI Acrylics Inc. (The “ICI Defendants”).

These four defendants have agreed to a settlement and have placed monies into a settlement fund, and a Fairness Hearing will take place on Sept. 23, 2009 in the District Court for the Eastern District of Pennsylvania in Philadelphia, PA to determine whether the proposed settlements should be approved by the Court as fair and adequate.
 
Under the Degussa Settlement Agreement, the Degussa Defendants have paid $7,000,000 into an account; under the Lucite Settlement Agreement, Lucite has agreed to pay $7,050,000 into an account; under the Arkema Settlement Agreement, the Arkema Defendants have paid $550,000 into an account; under the ICI Settlement agreement, the ICI Defendants have paid $550,000 into an account. All accounts will be administered in accordance with the provisions of the Settlement Agreement.

Any processor or fabricator who purchased PMMA (MMA) within the time frame outlined in the class action can become a member of the “class” by calling 1-800-644-7835 or writing to: Methyl Methacrylate Antitrust Settlement Administrator, c/o Heffler, Daderich & Saitta LLP, P.O. Box 58455, Philadelphia, PA, 19102-8455. [email protected]

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