Scalia's Death Prompts Dow to Settle Suits for $835 Million
- Company cites `political uncertainties' in statement
- Dow had petitioned Supreme Court over $1 billion jury award
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Dow Chemical Co. said it agreed to pay $835 million to settle an antitrust case pending before the U.S. Supreme Court after Justice Antonin Scalia’s death reduced its chances of overturning a jury award.
Dow, the largest U.S. chemical maker by sales, said Friday the accord will resolve its challenges to a $1.06 billion award to purchasers of compounds for urethanes, chemicals used to make foam upholstery for furniture and plastic walls in refrigerators.