PPG to pay $60 million to settle suit

PPG Industries Inc. will pay $60 million to settle a lawsuit that alleges it conspired with other glass makers to overcharge for flat glass products.U.S.

District Judge Donetta Ambrose approved the settlement last month. The company said it agreed to settle to avoid ongoing litigation expenses.

PPG was the last of six companies to settle the case. A lawsuit filed by glass installers in 1997 alleged the defendants overcharged for glass sold from 1991 through 1995. The other companies, which settled earlier for about $61 million, were Libbey-Owens-Ford Co. of Toledo, Ohio; Pilkington PLC of England; AFG Industries of Kingsport, Tenn.; Guardian Industries Corp. of Auburn Hills, Mich; and Ford Motor Co. of Detroit.

The U.S. Supreme Court last year rejected an appeal by PPG to stop the case from proceeding.

600450 PPG to pay $60 million to settle suit glassonweb.com
Date: 2 March 2006
Source: Post-gazette.com

See more news about:

See more from these topics:

Others also read

New STEM education facility at Carnegie Science Center targeted to open in 2018.
PPG has designed and produced windows for the Breakthrough Laminar Aircraft Demonstrator in Europe (BLADE), a Clean Sky Smart Fixed Wing Aircraft Integrated Technology Demonstrator (SFWA ITD).
PPG reaches agreement with Nippon Electric Glass for sale of remaining fiberglass operations.
PPG and Vision Systems have reached a commercial agreement to work together on developing new applications utilizing Vision Systems’ electronically dimmable window shading solutions for aircraft.
Annual conference for decorated glass and ceramics set for Pittsburgh, April 22-24.
$55 million investment to enable production of jumbo-sized energy-efficient glass

Add new comment