Judge Refuses To Dismiss De Beers Antitrust Suit

Law360, New York (January 26, 2009, 12:00 AM EST) -- A federal judge has refused to dismiss an antitrust case against diamond powerhouse De Beers Group and ordered the parties to engage in jurisdictional discovery to reveal how the defendants are connected to one another.

Judge Kimba M. Wood of the U.S. District Court for the Southern District of New York on Friday referred the case to a magistrate judge after finding that more information was needed to determine whether certain defendants were either agents or departments of other parties named in the suit.

Diamdel Ltd.,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.