7th Circ. Puts Lid On Acid Antitrust Class Action

Law360, New York (January 3, 2013, 4:17 PM EST) -- The Seventh Circuit last week sided with sulfuric acid companies that were accused by a purchaser class of breaking antitrust laws, finding distribution deals struck between Canadian and U.S. acid producers did not necessarily harm competition.

The Dec. 27 appellate ruling upholds a district court's determination that the so-called rule-of-reason test — which requires plaintiffs to demonstrate that an agreement's potential harms to competition outweigh any competitive benefits — was the appropriate standard, and strikes down a purchaser class's argument that the per se rule applied....
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