Steelmakers Fight Class Cert. Bid In Price-Fixing Action

Law360, New York (March 4, 2013, 5:11 PM EST) -- A group of U.S. steelmakers claims lawsuits alleging they coordinated production cuts to inflate steel product prices can't proceed as a class action, arguing purchasers lack common evidence showing they were harmed by the alleged collusion, according to documents filed Friday in Illinois.

In a joint submission opposing certification, Gerdau Ameristeel Corp., U.S. Steel Corp., ArcelorMittal SA, Nucor Corp. and others claim individual plaintiffs — direct steel purchasers — have alleged an impermissibly vague antitrust theory that lumps together hundreds of diverse steel products. Assessing how...
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