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A US judge has refused to approve class action settlements worth $38.5 million that would resolve allegations against a US subsidiary of Formosa Plastics and other companies. The allegations claim that these companies artificially inflated the cost of sodium hydroxide, also known as caustic soda, which is used in detergents and other products. Chief US District Judge Elizabeth Wolford in New York made the decision on June 24, 2024. The settlements involved agreements between a group of commercial buyers of sodium hydroxide and companies including Formosa USA, Westlake, and Shintech. The case was heard in Buffalo and involved lye purchasers.
Chief US District Judge Elizabeth Wolford in New York refused to approve settlements worth $38.5 million that would resolve allegations that a US subsidiary of Formosa Plastics and others artificially inflated the cost of a chemical used in detergents https://t.co/uU78rPQ6rE https://t.co/w7HXkWmauy
A U.S. judge has refused to approve class action settlements worth $38.5 million that would resolve allegations that a U.S. subsidiary of Formosa Plastics and others artificially inflated the cost of a chemical used in detergents and other products https://t.co/uU78rPPyC6 https://t.co/4tgGiYQJmA
A US judge on June 24 declined to approve agreements between a group of commercial buyers of sodium hydroxide, or 'caustic soda,' and Formosa USA, Westlake, and Shintech for inflating the cost of a chemical used in detergents and other products https://t.co/uU78rPPyC6 https://t.co/DhsA5TjP6r
