Claims Against Sotheby's Revived

In a decision that could affect the $512 million dollar class action settlement in the Christie's and Sotheby's price fixing case, the 2nd U.S. Circuit Court of Appeals on Wednesday reinstated claims by customers involved in auctions overseas. Vacating a federal judge's dismissal of the foreign claims, the court ruled that the price fixing had the required effect on domestic commerce to be actionable under the Sherman Antitrust Act.

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