Dow settlement signals impact of Scalia death on class actions

By Lawrence Hurley WASHINGTON (Reuters) – Dow Chemical Co’s agreement to pay $835 million to settle a price-fixing dispute provides evidence that Justice Antonin Scalia’s death is a blow to businesses that have had success recently in challenging class action cases at the U.S. Supreme Court. Dow (N:DOW), in the process of merging with Dupont (N:DD), on Friday settled the decade-long dispute rather than risk its fate being decided by a shorthanded, eight-justice court missing, in Scalia, a reliable vote in support of companies in class action cases. The Dow dispute, in which…