Collins & Aikman Creditors Want Antitrust Probe

Law360, New York (August 21, 2006, 12:00 AM EDT) -- The unsecured creditors committee of bankrupt Collins & Aikman Corp. wants to investigate DaimlerChrysler Corp., Ford Motor Corp. and General Motors Corp.—the auto supplier’s largest customers—for alleged violations of antitrust law.

“The committee seeks to investigate whether the principal customers exchanged competitively sensitive information concerning pricing and other terms and conditions of their respective dealings with the debtors, or otherwise coordinated their conduct vis-à-vis the debtors, both pre- and post-petition,” says court documents filed earlier this month in the U.S. Bankruptcy Court for the District of...
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.