Mortuary Giant Settles Las Vegas Antitrust Suit

Law360, New York (November 25, 2009, 2:53 PM EST) -- Service Corp. International, North America's largest funeral and cemetery services provider, has agreed to divest most of its assets in the Las Vegas area to settle the state of Nevada's antitrust suit alleging its acquisition of Palm Mortuary Inc. threatened to establish an anti-competitive stranglehold on the body disposition business.

Pending court approval, the stipulated agreement requires SCI to sell two Clark County, Nev., funeral homes and to ensure the economic viability of these assets in accordance with past practices, according to the Nevada attorney general's...
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