Class Action Suit Targets Alleged OPEC Conspiracy

Law360, New York (February 22, 2006, 12:00 AM EST) -- A class action lawsuit alleging price fixing has been filed against several countries and their state-controlled oil companies, targeting the governments of Angola, Norway, Oman and Mexico.

The suit alleges that the countries, which are not members of the Organization of Petroleum Exporting Countries, conspired to fix world oil prices by entering an agreement with OPEC to cut their oil production in 2001 and 2002.

“This case arises out of a long-running international conspiracy coordinated and implemented by the Organization of Petroleum Exporting Countries, and joined...
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