Marine Equipment Sellers Pay $5M In Antitrust Actions

Law360, New York (July 27, 2011, 7:26 PM EDT) -- A group of marine equipment sellers accused of fixing prices in breach of antitrust laws settled two class actions in California for a total of $5 million on Tuesday, three years after industry executives were jailed on criminal charges.

Class plaintiffs — purchasers of boat docking equipment — told the court they had reached six agreements with 11 marine equipment sellers to resolve their cases, which alleged a conspiracy to set the prices on foam-filled buoys, marine pilings and marine fender equipment used to protect boats...
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