No Jurisdiction, No Standing, No Service: De Beers

Law360, New York (September 12, 2007, 12:00 AM EDT) -- Subsidiaries of diamond powerhouse the De Beers Group, long the target of allegations that it illegally controls the world's rough stone trade, filed papers Tuesday asking a federal court to dismiss an antitrust suit against them, saying they were never even served the complaint three years ago.

The suit was filed in 2004 by jewelry wholesaler W.B. David & Co. Inc. in the U.S. District Court for the Southern District of New York.

Early in 2006, after W.B. David was pushed involuntarily into Chapter 7 protection,...
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