$6.29 Million Settlement reached in Whistleblower case with Formosa Plastics Corp - USA

Settlement Amount:

$6,290,000

A settlement has been reached in whistleblower class action lawsuits brought against Formosa Plastics Corp - USA who is accused of misrepresenting the quality of pipes produced from 1996-2006. The whistleblowers' share of the settlement will be $6.29 Million. The allegations arose from a lawsuit claiming government entities purchased pipes after they were switched to a cheaper PVC compound and sped up extrusion lines.

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$6.29 Million Settlement reached in Whistleblower case with Formosa Plastics Corp - USA

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