The first settlement in the long-standing In re Diisocyanates Antitrust Litigation was reached today with the BASF Defendants. The case, filed in 2018, alleges a conspiracy between BASF, Covestro, Huntsman, Dow and Wanhua to fix the prices of diisocyanates, colloquially known as MDI and TDI, in the United States since at least 2016. Diisocyantes are ubiquitous chemicals used in the manufacture of urethanes and foam products ranging from cast wheels, to foam mattresses, to coatings, adhesive and sealants. The details of the settlement will be made public upon the filing of the preliminary approval motion next month. Plaintiffs expect this ice-breaker settlement to lead to further settlements with the remaining Defendants.
