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Otter Tail Corporation, through subsidiaries Northern Pipe Products, Inc. and Vinyltech Corporation, entered into a…
OTTROtter Tail Corp
Otter Tail Corporation, through subsidiaries Northern Pipe Products, Inc. and Vinyltech Corporation, entered into a settlement agreement on June 17, 2026, to resolve claims from the End-User Class in the PVC Pipe Antitrust Litigation. The company will pay an aggregate of $30 million into a settlement fund, subject to court approval, to resolve allegations of antitrust violations. This settlement amount includes class member recoveries, attorney fees, and administration costs. The company intends to use available cash for the payment and does not expect a material adverse effect on its financial position or liquidity. Otter Tail Corporation is a diversified company that operates in the manufacturing and utility sectors, specifically producing PVC pipe products.