Copper Tubing Industry Hit With Class Action

Law360, New York (July 31, 2006, 12:00 AM EDT) -- The copper tubing industry artificially raised prices over at least a 13-year span, according to a class action lawsuit filed last week in the U.S. District Court in San Francisco.

In the suit, Boliden AB, HME Nederland BV, Halcor S.A., IMI plc, KME America Inc., WTC Holding Company Inc. and about two dozen other companies around the world were accused of coordinating price increases and monitoring the arrangement through market leaders.

Once the allegations came to light, the defendants then tried to conceal or destroy important...
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