German Court Nixes €176M Cement Cartel Suit

Law360, New York (December 17, 2013, 6:06 PM EST) -- A German court on Tuesday dismissed a suit brought by an organization that amassed €176 million ($242 million) in damages claims from 36 companies against six cement makers accused of conspiring to fix prices, rejecting the group's system for amalgamating cartel claims.

The Dusseldorf regional court rejected Cartel Damage Claims SA's suit against six companies fined by Germany's antitrust watchdog for fixing the price of cement, the court said in a statement. The court concluded that the cement buyers' assignments of their claims to CDC were...
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