Westlake (WLK) to Pay $67M Settlement in Antitrust Lawsuit
Westlake Corporation (NYSE:WLK) has agreed to a $67 million settlement to resolve a class-action lawsuit alleging price-fixing in the U.S. PVC pipe market. The settlement, which awaits judicial approval, is part of a larger antitrust litigation and involves cooperation with plaintiffs against other defendants. The company also plans to provide documents to the U.S. Department of Justice as part of a parallel investigation.
Topics: antitrust lawsuit price-fixing regulatory action settlement