De Beers Still Plagued By Antitrust Charges

Law360, New York (March 3, 2006, 12:00 AM EST) -- Hounded by monopoly abuse claims for more than half a century, leading diamond distributor De Beers is still mired in litigation after a long-standing class action antitrust lawsuit was recently transferred to New Jersey federal district court.

Judge Harold Baer, Jr. of the U.S. District Court for the District of New York approved the move in mid-February, officially shipping the action to Trenton.

The suit, dating back to 2001, was initiated by a group of New York diamond purchasers, who charged De Beers with “obtaining its...
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