Electrical Carbon Industry Settles Price-Fixing Charges

Law360, New York (September 13, 2006, 12:00 AM EDT) -- A federal judge has approved a $21.9 million settlement, plus $5.7 million in attorneys fees, thus ending a class action antitrust lawsuit against the makers of electrical carbon products.

In the case, before the U.S. District Court in Camden, N.J., the plaintiffs alleged a conspiracy to fix prices in the electrical carbon market.

Rather than litigate a costly trial, however, all sides agreed to what Judge Jerome Simandle called a “fair, reasonable and adequate” settlement.

“The trial would, in all likelihood, lie several years down the...
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