Brokers Score In Antitrust Conspiracy Class Action

Law360, New York (September 4, 2007, 12:00 AM EDT) -- A group of insurers and brokers has won a boost in a dual-pronged antitrust case accusing its members of conspiring to eliminate competition and reap supra-competitive profits, with a federal judge scrapping the claims after finding that the plaintiffs failed to supply sufficient facts to establish a global agreement among the broker competitors.

In a ruling handed down Friday in the U.S. District Court for the District of New Jersey, Judge Garrett E. Brown granted the defendants' motions to dismiss the plaintiffs' antitrust claims with regard...
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