Zipper Makers Hit With Suit Over Worldwide Cartel

Law360, New York (November 21, 2007, 12:00 AM EST) -- Two months after being hit by over €300 million in fines in the European Union, several of the world’s largest haberdashery product manufacturers are now facing a proposed class action lawsuit in the United States over their alleged participation in illegal cartels.

The suit, filed on Tuesday in the U.S. District Court for the Eastern District of Pennsylvania, accuses YKK Corp., William Prym GMBH & Co. and Scovill Fasteners Inc. of being a part of an “over-arching worldwide conspiracy and cartel beginning no later than 1991...
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