Foreign Cos. Defeated In MSG Antitrust Case

Law360, New York (February 9, 2007, 12:00 AM EST) -- A group of foreign companies embroiled in a class action antitrust case against United States monosodium glutamate (MSG) producers ate crow on Thursday, after an appeals court judge ruled that their suit had no standing.

The case relates to collusion in the MSG industry that was discovered in 1999. Japanese companies Ajinomoto and Takeda Chemical Industries, and South Korean companies Cheil Jedang and Daesang were found to have participated in a MSG cartel.

The four MSG corporations operated a cartel for nine years, until 1998, during...
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.