Chem Co. Lubrizol Dodges Antitrust Suit Over Rival Buy

Law360, New York (February 5, 2013, 4:23 PM EST) -- A Michigan federal judge on Tuesday threw out manufacturer Z Technologies Corp.’s antitrust suit alleging specialty chemical maker Lubrizol Corp.’s acquisition of a rival company's metalworking product line monopolized the anti-corrosives market and drove up prices, finding Z Tech waited too long to bring the action.

Z Tech accused Ohio-based Lubrizol of unlawful acquisition and monopolization by gobbling up the assets of competitor Lockhart Co. in a $15.7 million deal in 2007 that removed the only alternate source to Z Tech for oxidates used for rust...
To view the full article, register now.