Gama Claims Graco Abused Monopoly Position

Law360, New York (July 2, 2008, 12:00 AM EDT) -- Gama Machinery USA Inc. has accused rival Graco Inc. of abusing its monopoly position in the market for in-plant polyurethane processing equipment, rebuffing a lawsuit Graco filed earlier this year against Gama over alleged theft of trade secrets.

In counterclaims filed Monday in the U.S. District Court for the District of New Jersey, Gama says that from 2004 to 2007 Graco systematically acquired other companies in order to obtain and abuse a monopoly in the IPPE market.

Specifically, Graco acquired Liquid Control Corp., Decker Industries, Gusmer...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.