Arctic Glacier To Pay $12.5M To Exit Ice Antitrust MDL

Law360, New York (March 31, 2011, 4:00 PM EDT) -- Ice manufacturer Arctic Glacier International Inc. said Thursday it would pay $12.5 million to settle in a multitidistrict litigation in Michigan over an alleged conspiracy to fix prices for packaged ice.

The deal, which still requires approval in the U.S. District Court for the Eastern District of Michigan, calls for Arctic Glacier to pay $2.5 million by the later of either July 15 or 15 days after the settlement receives preliminary approval. The ice maker will then pay the remaining $10 million on either Nov. 1...
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