Law360, New York (June 01, 2012, 1:03 PM ET) -- A recent decision in the United States Court of Appeals for the First Circuit, Liu v. Amerco, demonstrates that even unsuccessful attempts to fix prices can lead to class action lawsuits. This case shows the serious legal consequences a firm may face if caught inviting rivals to collude, even if the rivals never agree to the advances.
The issue resolved in Liu is whether, after a Federal Trade Commission invitation-to-collude settlement, plaintiffs in states with “little FTC acts” can show they were harmed by the conduct...
Case Study: Liu V. Amerco
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