Law360, New York (August 21, 2012, 8:09 PM ET) -- A California federal judge on Monday dismissed federal antitrust claims leveled at guitar companies, ruling that the putative class action does not sufficiently allege a conspiracy to raise retail prices for guitars and amplifiers.
U.S. District Judge Larry Alan Burns said the plaintiffs had merely alleged that the guitar companies — including Fender Musical Instruments Corp., Guitar Center Inc. and others — had attended the same trade meetings and adopted similar policies on minimum advertised prices. But they had not alleged any particular agreements or identified...
Guitar Cos. Beat Sherman Act Claims In Price-Fixing Suit
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