CORRECTED: Reddy Ice Cartel Action Survives Challenge

Law360, New York (December 7, 2010, 8:02 PM EST) -- A judge has refused to toss a securities class action against Reddy Ice Holdings Inc. and its executives brought in the wake of a criminal cartel probe against the company, saying the company’s shareholders have sufficiently alleged that the executives knew of a suspected anti-competitive agreement with Reddy's rivals.

Judge Paul D. Borman of the U.S. District Court for the Eastern District of Michigan on Monday rejected the dismissal motions brought by the packaged ice company, two of its former CEOS and its former chief financial...
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