7th Circ. Scraps Potash Price-Fixing Action

Law360, New York (September 23, 2011, 4:30 PM EDT) -- The Seventh Circuit on Friday tossed a class action alleging a conspiracy to fix the global price of fertilizer ingredient potash, finding the plaintiffs had not drawn a sufficient connection between the alleged plot involving foreign producers and the U.S. potash market.

A panel reversed a district court's decision by quorum Friday, saying the plaintiffs had not established a plausible "direct, substantial and reasonably foreseeable" connection between the alleged conspiracy and the U.S. market as required under the Foreign Trade Antitrust Improvements Act, which limits plaintiffs' power...
To view the full article, register now.