DIPF Direct Settlement
A class action lawsuit alleges that McWane, a manufacturer of Ductile Iron Pipe Fittings (DIPF), attempted to monopolize the market for these pipe fittings, letting them drive up the price since there’s no competition. McWane denies these allegations, and claims they’ve done nothing wrong, but they have agreed to settle this case out of court.
Who’s eligible to join this class action suit? Anyone who purchased a DIPF from McWane from January 11, 2008 through June 30, 2011. If you purchased a pipe fitting from McWane between those dates, make sure you have your claim in by January 29 of 2016 – that’s the final deadline to send in claims. The final fairness hearing for the class action lawsuit against McWane will happen at the beginning of February, 2016. If approved, settlement checks will be sent out in the weeks after the hearing.
It’s not clear right now how much each eligible claim will receive in this lawsuit against McWane pipe fittings, but there is a pool of over $8,000,000 in the settlement fund! This will be distributed between each valid claim that is received, plus the legal representation in this case, so you need to make sure you have your claim in!
You don’t need to pay anything to join this class action suit against McWane, so make sure you have your claim in if you’re eligible!
To contact the claims administrator of the DIPF Direct Purchase Settlement:
Citations
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