Mass. Gas Sellers Did Not Fix Prices: 1st Circ.

Law360, New York (February 22, 2011, 1:21 PM EST) -- The First Circuit has ruled that high pump prices at four Martha's Vineyard, Mass., gas stations arose from permissible conscious parallel pricing rather than illegal price-fixing or price-gouging.

Affirming a lower court's decision to grant summary judgment to the gas stations, the U.S. Court of Appeals for the First Circuit on Friday held that Martha's Vineyard residents failed to prove they paid artificially high prices for gasoline due to an illegal conspiracy among four of the island's nine gas stations.

The plaintiffs accused gas purveyors Depot...
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