Judge Denies Bid To Amend Silicone Price-Fixing Suit

Law360, New York (November 30, 2009, 12:45 PM EST) -- A judge has overruled a distributor’s “tactical” bid to amend a complaint accusing silicone sealant maker Pecora Corp. and its other distributors of orchestrating a price-fixing scheme in the New York City metropolitan area.

Judge George Yanthis of the U.S. District Court for the Southern District of New York on Tuesday denied plaintiff Screws and More LLC’s request to amend the complaint, arguing that the motion was untimely and served purely strategic purposes.

“[I]t appears quite clear that plaintiff seeks to amend the complaint for purely...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.