Standing Could Take Down 8-Year Magnesite Cartel Suit

Law360, New York (August 9, 2013, 8:19 PM EDT) -- A New Jersey federal judge said Wednesday that an antitrust class action facing a group of foreign magnesite producers for allegedly fixing the price of the mineral could be dismissed for lack of standing after eight years of litigation.

The seven mineral producers have argued that the long-running suit should be tossed because the lead plaintiffs, Animal Science Products Inc. and Resco Products Inc., were contractually bound to sort out their differences with the suppliers before a Chinese arbitration panel.

But an order issued Wednesday by...
To view the full article, register now.