Kason Strikes Deal In Food Equipment Antitrust Suit

Law360, New York (January 6, 2011, 1:28 PM EST) -- Kason Industries Inc. on Thursday struck a settlement in a consolidated class action over alleged price-fixing of commercial food service equipment, a day after its former president was sentenced to probation and home confinement on related criminal charges.

The two sides still need to sign a definitive written settlement, according to an order filed in the U.S. District Court for the Northern District of Georgia, but the agreement will likely put a swift end to the six-month-old case. The other defendant in the case, Component Hardware...
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