Garment Industry Price-Fixing Suit Denied High Court Review

Law360, New York (April 2, 2012, 4:34 PM EDT) -- The U.S. Supreme Court on Monday declined to review the dismissal of an antitrust suit brought by Factory 2-U Stores Inc.'s Chapter 7 trustee claiming that price-fixing by a group of banks that finance transactions between garment retailers and manufacturers bankrupted the company.

The banks — Capital Factors Inc., HSBC Business Credit, Rosenthal & Rosenthal Inc. and Wells Fargo Century Inc. — had said in a Feb. 27 response to the trustee's petition that the high court should refuse to review the suit because the Third...
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