Chinese Co. Northeast Settles Vitamin C Antitrust Claims

Law360, New York (April 2, 2013, 4:14 PM EDT) -- Northeast Pharmaceutical Group Co. Ltd. filed a settlement Monday with indirect purchasers in multidistrict antitrust litigation over alleged price-fixing by vitamin C producers, ending the Chinese company's involvement in the sprawling New York case.

Northeast will pay a class of indirect purchasers $500,000 to resolve claims that class members paid inflated prices for vitamin C because the Chinese company colluded with other producers to inflate the prices. The agreement came a week after Northeast inked a similar, $500,000 deal with a so-called injunction class.

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