Zipper Cos. To Pay $17.5M To Settle Price-Fixing Suit

Law360, New York (August 27, 2013, 5:47 PM EDT) -- A Pennsylvania federal judge on Monday preliminarily approved $17.5 million in settlements in a consolidated antitrust class action accusing zipper and fastener manufacturers of participating in a price-fixing conspiracy.

U.S. District Judge R. Barclay Surrick signed off on proposed settlements between direct purchasers in the U.S. and dozens of affiliates of manufacturers William Prym GmbH & Co. KG, YKK Corp. and Coats Holdings Ltd. to close out litigation alleging the companies colluded to set prices on zippers and fasteners.

Under the terms of the settlement agreements,...
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