Defendants

• BASF
• Bayer
• Covestro
• DowDuPont
• Huntsman
• Wanhua Chemical

What is this settlement about?

Methylene diphenyl diisocyanate (“MDI”) and toluene diisocyanate (“TDI”) are precursor ingredients for the manufacture of polyurethane foams and thermoplastic polyurethanes. Flexible polyurethane foam is used in products such as mattresses, upholstered furniture and car seats. Rigid polyurethane foam is used mostly as an efficient insulating material for buildings and refrigeration appliances. Thermoplastic polyurethanes are used in diverse product groups such as clothing, mobile electronic devices and sports equipment.

Plaintiffs allege a conspiracy among the Defendants to fix, raise, maintain and/or stabilize prices for MDI and TDI products sold in or shipped to the United States during the period from at least January 1, 2016 through the present (the “Class Period”). The alleged conspiracy was implemented through coordinated lockstep price increases for such products during the Class Period. Allegedly, there was an agreement among Defendants to limit production of MDI and TDI products to facilitate the coordinated and repeated price increases for these products.

Who is qualified in the Settlement?

All entities in the United States, its territories, and/or the District of Columbia who purchased directly (including through controlled subsidiaries, agents, affiliates and/or joint ventures) Methylene Diphenyl Diisocyanate (MDI) Products and/or Toluene Diisocyanate (TDI) Products from any of the Defendants or their subsidiaries or affiliates, at any time from January 1, 2016 until the present.