Magnesite Buyers Say E-Book Ruling Bars Arbitration

Law360, New York (July 2, 2012, 4:31 PM EDT) -- A recent ruling blocking arbitration in the ongoing electronic books antitrust litigation provides rationale for doing the same for a group of magnesite producers seeking to resolve price-fixing allegations before a Chinese arbitration panel, class plaintiffs told a New Jersey federal judge on Friday.

Animal Science Products Inc. and Resco Products Inc. in a letter to U.S. District Judge Esther Salas cited a New York court's ruling on Wednesday rejecting Penguin Group Inc.'s move to compel arbitration for a subset of a putative class accusing the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.