Antitrust Class Action Against Zipper Cos. Survives

Law360, New York (August 12, 2011, 9:21 PM EDT) -- A Pennsylvania federal judge on Friday refused to dismiss a putative antitrust class action accusing YKK Corp., Coats Holdings Ltd. and other zipper makers of forming a price-fixing cartel.

U.S. District Judge R. Barclay Surrick ruled that the claims in the case were not barred by the statute of limitations as the defendant companies had argued. The plaintiffs, clothing makers, sued after European Commission antitrust regulators said in 2007 that the defendants had conspired to set prices on zippers and other fasteners.

The EC fined the...
To view the full article, register now.