Otter Tail settles two class claims in PVC pipe antitrust litigation for $73.5M

Otter Tail Corp

Will pay $39.5M to Direct Purchaser Class and $34.0M to Non-Converter Seller Purchaser Class.
EUP claims remain pending; company will continue to defend those.
Settlement does not admit wrongdoing; company denies liability.
Payments to be made ~21 days after court preliminary approval; expects to use available cash.
Company says settlement not expected to materially affect financial position or liquidity.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Otter Tail Corp entered into Settlement Agreements with Direct Purchaser Class and Non-Converter Seller Purchaser Class valued at an aggregate of $39.5 million ... and ... $34.0 million (effective 2026-05-28).

Action: entry
Agreement: settlement
Counterparty: Direct Purchaser Class and Non-Converter Seller Purchaser Class
Value: an aggregate of $39.5 million ... and ... $34.0 million
Effective: 2026-05-28

Exact text from the filing

On May 28, 2026, the Company entered into settlement agreements with two of the three Putative Classes, the DPPs and NCSPs, individually and on behalf of the putative DPP and NCSP class members (the "Settlement Agreements").

View on SEC.gov

Browse all material agreements →

Otter Tail Corp filing history →

Source: SEC EDGAR

accession 0001466593-26-000057

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.