Rubber Companies Sued For Price-Fixing

Law360, New York (December 4, 2006, 12:00 AM EST) -- Just days after the European Union levied a €519 million fine against five companies for allegedly fixing prices for synthetic rubbers, a proposed class action was filed in U.S. federal court on Thursday on behalf of companies and individuals that purchased rubber from the alleged cartel.

The Rubber Engineering and Development Co. filed the lawsuit on behalf of purchasers of synthetic Butadiene rubber and Styrene-Butadiene rubber between Jan. 1, 1996 and Dec. 31, 2002.

BR and SBR are used to produce various types of consumer goods,...
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