Magnesite Buyers Fight Arbitration Push In Price-Fixing Case

Law360, New York (July 24, 2012, 4:26 PM EDT) -- Magnesite buyers pushed to keep their proposed price-fixing class action against a group of Chinese producers out of arbitration Friday, arguing that the defendants couldn't produce any written arbitration deal that applied to the case.

Animal Science Products Inc. and Resco Products Inc. criticized the magnesite producers' argument that the company that Resco purchased its claim from, Possehl Inc., was bound by arbitration agreements signed by a Hong Kong affiliate. The plaintiffs said that the defendants had no evidence that Possehl ever agreed to arbitrate 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.