Guitar Cos. Beat Sherman Act Claims In Price-Fixing Suit

Law360, New York (August 21, 2012, 8:09 PM EDT) -- A California federal judge on Monday dismissed federal antitrust claims leveled at guitar companies, ruling that the putative class action does not sufficiently allege a conspiracy to raise retail prices for guitars and amplifiers.

U.S. District Judge Larry Alan Burns said the plaintiffs had merely alleged that the guitar companies — including Fender Musical Instruments Corp., Guitar Center Inc. and others — had attended the same trade meetings and adopted similar policies on minimum advertised prices. But they had not alleged any particular agreements or identified...
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.