Otter Tail Corp (OTTR) Form 8-K — May 29, 2026
Otter Tail Corp entered into settlement agreements on May 28, 2026, to resolve claims from two of three putative classes in the In re: PVC Pipe Antitrust Litigation. The company’s subsidiaries, Northern Pipe Products and Vinyltech, agreed to pay $39.5 million for the Direct Purchaser Class and $34.0 million for the Non-Converter Seller Purchaser Class, totaling $73.5 million. The settlement amounts include recovery for class members, attorneys’ fees, and administration costs, and are subject to preliminary and final court approval. The company stated it will use available cash to fund these payments and does not expect a material adverse effect on its financial position or liquidity.
Key figures
- Dollar Amounts
- [{"amount":"$39.5 million","context":"Settlement payment for Direct Purchaser Class (DPPs)"},{"amount":"$34.0 million","context":"Settlement payment for Non-Converter Seller Purchaser Class (NCSPs)"},{"amount":"$73.5 million","context":"Aggregate settlement amount for DPPs and NCSPs"}]
- Pending Class Name
- End-User Class (EUPs)
- Pending Class Count
- 1
- Total Settlement Amount
- $73.5 million
Price after filing
Close on the filing date to close N calendar days later (from $87.29). Historical, not a forecast.
AI analysis
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