Dow Chemical Settles Urethanes 'Opt-Out Case' Litigation

(RTTNews) - Dow Chemical Co. (DOW) said that it has entered into a settlement agreement to resolve the Urethanes Opt-Out case litigation. In this settlement, Dow has agreed to pay the opt-out plaintiffs $400 million, which is estimated to result in net cash payments totaling about $250 million.

The Opt-Out litigation represents claims from purchasers who elected not to be class members in the previously settled Urethanes Class Action matter.

Based on the risk assessment and potential outcomes, Dow believes this settlement is the right decision for the company and its shareholders.