Dow Chemical agreed to pay $835 million to settle a class action lawsuit after determining the death of Supreme Court Justice Antonin Scalia made victory less likely.
The payment is less than the $1.06 billion a court in Kansas ordered it to pay in 2013.
Dow Chemical was hoping the Supreme Court would overturn the ruling, but the death of Justice Antonin Scalia left it evenly split between conservatives and liberals.
A split decision in the Supreme Court reverts to the lower court’s ruling.
Dow Chemical said in a statement that it settled because of the “increased likelihood for unfavorable outcomes”.
The company said it still believed the original verdict was “fundamentally flawed,” but felt settling was in the best interest of shareholders.
In 2015, Dow Chemical announced plans to merge with competitor DuPont in a $130 billion deal.
Thousands of mourners have attended a funeral Mass celebrated in Washington for Supreme Court Justice Antonin Scalia, who died last weekend at the age of 79.
The service was held in the largest Catholic church in the US.
Antonin Scalia’s coffin had earlier lain in the Supreme Court with President Barack Obama among those paying respects.
The death of Antonin Scalia, who was seen as a hero by the US right, has sparked a political row over his successor.
Thousands of people filled the vast Basilica of the National Shrine of the Immaculate Conception on February 20.
One of Antonin Scalia’s nine children, Rev Paul Scalia, led the Mass, ahead of a private burial.
Rev. Paul Scalia, who serves the diocese of Arlington, Virginia, said: “We are gathered here because of one man. A man known personally to many of us, known only by reputation to even more, a man loved by many, scorned by others, a man known for great controversy, and for great compassion.”
Photo Getty Images
He then added: “That man, of course, is Jesus of Nazareth.”
It was because of Jesus that “in confidence we commend Antonin Scalia to the mercy of God”.
The country’s eight remaining Supreme Court justices attended the service.
One of them, Clarence Thomas, offered a Bible reading.
The Supreme Court says more than 6,000 visitors viewed the casket in the Great Hall on February 19.
President Barack Obama and First Lady Michelle Obama were among those paying their respects at the flag-draped coffin, but were not at the funeral.
VP Joe Biden was at the Mass – he has a close personal relationship with the Scalia family – as was Republican presidential hopeful Ted Cruz.
White House spokesman Josh Earnest said Barack Obama’s attendance could have created security issues.
Ted Cruz has been among those demanding there be no nomination of a successor until after the November presidential election.
Barack Obama has insisted he will go through with the nomination.
Antonin Scalia’s death leaves the Supreme Court evenly divided between liberal and conservative justices ahead of crucial cases on abortion, voting rights and immigration.
According to the constitution, the president nominates justices to the court and the Senate uses its “advice and consent” powers to confirm or reject that person.
Antonin Scalia died unexpectedly at his remote Texas ranch on February 13.
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