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Chem International

This article was originally published in The Tan Sheet

Executive Summary

Company reaches $4.9 mil. cash settlement with an unidentified defendant supplier in the federal vitamin price-fixing class action lawsuit. In exchange, Chem agrees to opt out of any class settlement, but could receive additional payment pending the ultimate distribution to the class. The Hillside, N.J.-based vitamin and supplement manufacturer says it has claims pending against three other suppliers

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More than 200 companies, including a number of leaders in the dietary supplement industry, have decided not to participate in the $1.2 bil. vitamin price-fixing class action settlement.

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