$295M De Beers Antitrust Deal Won't Get High Court Scrutiny

Law360, New York (April 2, 2012, 3:38 PM EDT) -- The U.S. Supreme Court on Monday refused to consider an argument lodged by De Beers SA customers who claimed a $295 million settlement in a price-fixing class action against the diamond seller unfairly paid out purchasers whose home states didn't have antitrust laws.

The high court rejected a petition for certiorari lodged by two indirect purchasers who had protested the Third Circuit's decision last year upholding the settlement, which the plaintiffs said wrongly allocated payment to all plaintiffs, regardless of whether they had valid antitrust claims...
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