McWane's Prices Didn't Harm Competition, Witness Tells FTC

Law360, Washington (October 24, 2012, 4:34 PM EDT) -- Although McWane Inc. sold some ductile iron pipe fittings above their public prices during a period of alleged industry price fixing, prices on average neither rose nor created an anti-competitive market for rivals, an expert witness in McWane's Federal Trade Commission trial said Wednesday.

Antitrust economist Parker Normann, McWane's expert witness for the price-fixing trial, studied company invoices and pricing data stemming from 2008 and 2009, when the company allegedly schemed with rivals Sigma Corp. and Star Pipe Products Ltd. to raise prices for imported fittings....
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