General
Information
Last Update:
Mar. 10, 2011
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Part of the audited Consolidated Financial Statements and Management´s Analysis

24 – Risks from litigation and claims

Since 2005, a total of 38 class action lawsuits, among others, against BASF SE and BASF Corporation have been filed in U.S. courts. It was alleged that sales of TDI, MDI and polyether polyols had violated antitrust laws on price fixing. The class certification for the class action suits has been granted and the discovery process is currently underway. In addition, two plaintiffs are pursuing their claim outside of the class action process in parallel suits. BASF is defending itself against these lawsuits. At the end of 2007, the U.S. Department of Justice ceased an inquiry on alleged price fixing.

In addition, BASF SE and its affiliated companies are defendants in or parties to further judicial and arbitrational proceedings. Based on the current state of knowledge these proceedings will have no material influence on the economic situation of BASF.

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