Otter Tail Agrees to Pay $73.5 Million in Antitrust Settlements

Otter Tail reached settlements and agreed to pay $73.5 million to resolve two of three class actions in the PVC Pipe Antitrust Litigation pending in the US District Court for the Northern District of Illinois.

• The company’s subsidiaries agreed to pay $39.5 million to Direct Purchasers
• They also agreed to pay $34 million to Non-Converter Seller Purchasers
• The settlements are subject to preliminary and final court approval
• Claims by the End-User Class remain pending against the company
• Otter Tail said it will use available cash to fund payments

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