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Standard Iron Works v. Arcelormittal et al

  1. October 17, 2016

    Steel Buyers Reach Deals Totaling $30M In Antitrust Suit

    Steel buyers have struck a $30 million settlement with steel producers Nucor Corp., Steel Dynamics and SSAB Swedish Steel Corp. to resolve claims they engaged in a conspiracy to manipulate the supply and price of steel products, according to a filing in Illinois federal court Monday.

  2. October 20, 2015

    GM Denied Bigger Chunk Of $104M Steel Antitrust Settlement

    An Illinois federal judge Tuesday approved the distribution of $104 million to steel buyers who claim some of the world's top producers conspired to rig the price of the metal, overruling an objection by class member General Motors that it was owed a greater share of the settlement.

  3. October 15, 2015

    Steel Cos. Fight GM's Crack At $10M Slice Of Antitrust Deal

    A group of steel buyers are fighting General Motors Co.'s efforts to snag nearly 10 percent of a $104 million antitrust settlement with five major steel producers, arguing in Illinois federal court Wednesday that the auto giant is going after a bigger piece of the pie than it is entitled to.

  4. September 09, 2015

    Steel Buyers Win Class Cert. In Antitrust Row

    An Illinois federal judge on Wednesday granted class certification to a group of steel buyers accusing ArcelorMittal SA, Nucor Corp. and other steel producers of engaging in a conspiracy to manipulate the supply and price of steel products, saying the likely different levels of damages impacting plaintiffs didn't preclude certification.

  5. October 22, 2014

    Attys Pocket $54M From Steel Price-Fixing Class Deals

    An Illinois federal judge awarded $54 million in attorneys' fees to counsel in a consolidated class action against steelmakers accused of scheming to inflate prices, saying Wednesday that the attorneys had effectively handled hard-fought, complex litigation that lasted six years.

  6. October 20, 2014

    GM Can Join $16M Settlement Class In Steel Price-Fix Suit

    An Illinois federal judge has allowed General Motors LLC to join three settlement classes in a consolidated class action against eight steelmakers accused of scheming to inflate prices, allowing GM to withdraw its previous exclusion request.

  7. July 08, 2014

    US Steel Pays $58M To Settle Antitrust Suit

    U.S. Steel Corp. on Tuesday agreed to pay $58 million to direct steel purchasers, a settlement that would resolve claims against the steel giant in a proposed class action alleging several manufacturers colluded to inflate steel prices.

  8. June 13, 2014

    ArcelorMittal Pays $90M To Settle Steel Antitrust Suit

    An Illinois federal judge on Friday preliminarily approved a $90 million cash settlement between ArcelorMittal SA and direct steel purchasers, a deal that would resolve claims against the steel giant in a proposed class action alleging a number of manufacturers schemed to inflate steel prices.

  9. March 17, 2014

    Texas Steel Co. Strikes $4M Deal To Settle Antitrust Suit

    A Texas steel company announced Friday that it will pay about $4 million to settle a proposed class action in Illinois federal court alleging that the company was one of several manufacturers involved in a scheme to coordinate production cuts and inflate steel product prices.

  10. March 04, 2013

    Steelmakers Fight Class Cert. Bid In Price-Fixing Action

    A group of U.S. steelmakers claims lawsuits alleging they coordinated production cuts to inflate steel product prices can't proceed as a class action, arguing purchasers lack common evidence showing they were harmed by the alleged collusion, according to documents filed Friday in Illinois.

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