Westlake to Pay $67M to Settle PVC Pipe Antitrust Claims

Westlake Corporation has entered into a settlement agreement to resolve claims with direct purchasers in the PVC Pipe Antitrust Litigation. The company has agreed to pay $67 million to the direct purchaser settlement class, subject to court approval. This settlement addresses ten putative class action lawsuits alleging price-fixing of PVC pipe and fittings, though claims by indirect purchaser plaintiffs remain pending. The agreement explicitly states it is not an admission of liability or wrongdoing by Westlake.