Earlier this month, a Birmingham, AL manufacturer of ductile iron products, agreed to pay $8.8 million to settle antitrust claims. The Federal Trade Commission sued McWane and two competitors in 2012, alleging that the companies conspired to fix prices.
Star Pipe Products and Sigma Corp., settled in 2015 for a combined total of $8.5 million. The government alleged that the companies colluded to fix prices of pipe fittings used in municipal water treatment plants. According to federal prosecutors, the companies agreed to fix prices between 2008 and 2011.
The initial federal complaint also suggested that the companies created a market allocation scheme to protect McWane’s industry-leading position. The final settlement enables the FTC to repay direct purchasers of the iron pipe fittings. According to the government, direct purchasers of the pipe products suffered from lack of true competition.
Federal antitrust lawyer
Antitrust laws are complex and protect economic competition. At the same time, the federal government zealously prosecutes violations of the Sherman Act. When you face Sherman Act charges – including price fixing, bid rigging or market allocation schemes – hire an experienced criminal antitrust lawyer like Robert Helfend.
Mr. Helfend has nearly 35 years of experience in federal criminal defense cases, and manages each case personally. He takes cases in all federal circuits, so he will fight aggressively for you.
Sherman Act charges can be civil or criminal, so they can apply to corporations, individuals or both. When you’re facing antitrust charges – including price fixing, bid rigging or market allocation – hire an experienced federal criminal defense attorney.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County antitrust case.
Photo Credit: Niels, via Flickr.com