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Hydrogen Peroxide Price-Fixing Class Certified Although Prices Didn't Bubble Up
A price-fixing conspiracy is illegal even if prices dropped, if plaintiffs can show that the conspirators' goal was to prevent prices from dropping at a natural rate in a healthy, competitive market, a federal judge has ruled. In certifying a class for an antitrust suit against 13 companies involved in the hydrogen peroxide market, Eastern District of Pennsylvania Judge Stewart Dalzell wrote, "The fact that prices declined does not mean that defendants did not artificially inflate them on their way down."Hydrogen Peroxide Price-Fixing Class Certified Although Prices Didn't Bubble Up
A price-fixing conspiracy is illegal even if prices dropped, if plaintiffs can show that the conspirators' goal was to prevent prices from dropping at a natural rate in a healthy, competitive market, a federal judge has ruled. In certifying a class for an antitrust suit against 13 companies involved in the hydrogen peroxide market, Eastern District of Pennsylvania Judge Stewart Dalzell wrote, "The fact that prices declined does not mean that defendants did not artificially inflate them on their way down."Stolt-Nielsen SA, petitioners-appellees v. AnimalFeeds International Corp., respondent-appellant*
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