OPEC Antitrust Suits Nixed By High Court

Law360, New York (October 3, 2011, 6:42 PM EDT) -- The U.S. Supreme Court refused Monday to entertain bids to revive two class actions accusing a slew of oil companies, many owned by foreign governments in the Organization of Petroleum Exporting Countries, of conspiring to fix oil prices.

The high court denied petitions for writs of certiorari from a group of U.S. gasoline retailers and other oil purchasers without comment. The plaintiffs had claimed that certain OPEC members set up nationally owned oil production companies, and that these entities, along with their subsidiaries, conspired with OPEC...
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