Tax Cos. Escape NJ Lien Bid-Rigging Suit, For Now

Law360, San Francisco (October 25, 2013, 3:34 PM EDT) -- A New Jersey federal judge on Friday tossed without explanation a consolidated class action accusing several tax companies of bid-rigging the auctions for municipal tax liens, which the defendants argued had failed show any plausible evidence that such a conspiracy existed.

Although U.S. District Court Judge Michael Shipp found that the plaintiffs had established their standing to sue for antitrust violations, he also granted the motion to dismiss brought by nearly a dozen defendants in the case. However, the plaintiffs may revive their Sherman Act claims,...
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