Tag «SETTLEMENT»

OUTOKUMPU HAS REACHED A SETTLEMENT WITH CARRIER REGARDING CIVIL PROCEEDINGS PURSUANT TO EU INDUSTRIAL TUBE CARTEL DECISION

Outokumpu Oyj and Carrier Corporation have signed a settlement agreement that covers all damage suits against Outokumpu by Carrier in the US and UK pursuant to the European Commission’s industrial tubes cartel decision of 2003. The total settlement amount is around 10 million euros. The settlement covers also all former Outokumpu subsidiaries included in the …