LegalApr 14, 2026, 12:49 PM
Westlake Settles PVC Pipe Antitrust Litigation for $67M
AI Summary
Westlake Corporation has entered into a settlement agreement with direct purchasers in the PVC Pipe Antitrust Litigation, agreeing to pay $67 million. This litigation, comprising ten class action lawsuits filed between August 2024 and June 2025, alleged that PVC pipe and fittings manufacturers conspired to fix prices. The settlement, which is subject to court approval, will release Westlake from certain claims by the direct purchasers, though claims by indirect purchaser plaintiffs are still pending. The agreement explicitly states it is not an admission of liability.
Key Highlights
- Westlake settled PVC Pipe Antitrust Litigation with direct purchasers.
- Agreed to pay $67 million to the direct purchaser settlement class.
- Litigation involved ten class action lawsuits alleging price-fixing.
- Settlement requires preliminary and final court approval.
- Claims by indirect purchasers remain pending.