RPM subsidiary faces $190M jury verdict; company disputes, accrues at low end

RPM INTERNATIONAL INC/DE/

Jury awarded $190M in damages (compensatory and punitive) against RPM's Consumer segment subsidiary on Sept 27, 2024.
Company denies allegations of breach of contract, trade secret misappropriation, and fraud; plans vigorous appeal.
RPM estimates possible loss range of $0.5M to $190M; accrued liability at low end as of Aug 31, 2024.
Outcome cannot be predicted; ultimate loss may differ materially from accrual.

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