ITEM 8.01. OTHER INFORMATION.
On September 15, 2021, a verdict was rendered in the matter of Ingevity Corp. et
al. v. BASF Corp., in which BASF Corporation ("BASF"), Florham Park, New Jersey,
brought action against Ingevity Corp. (the "Company") in U.S. District Court in
Delaware (Wilmington), relating to the Company's enforcement of its patent
covering canister systems used in automotive gasoline vapor emissions control
(Patent No. RE38,844) and the Company's agreements with customers of its fuel
vapor canister honeycombs. BASF claimed that Ingevity engaged in anticompetitive
activities and interfered with an alleged prospective relationship between BASF
and a customer. The jury ordered the Company to pay antitrust damages of
approximately $28 million, which will automatically be tripled under U.S.
antitrust law to approximately $85 million. Ingevity believes in the strength of
its intellectual property and the merits of its position, and intends to pursue
all legal relief available to challenge this outcome.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
Exhibit No. Description of Exhibit
99.1 Press release dated September 16, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
*Portions of this exhibit have been omitted pursuant to Item 601(b)(10) of Regulation S-K.
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