Monday, October 14, 2013

Opportunity for our City and County to Recover Triple Damages for Antitrust Violations

There is an opportunity for our City of St. Augustine and for St. Johns County to recover triple damages for antitrust violations by McWane Pipe, which the Chief Administrative Law Judge of the Federal Trade Commission has held monopolized the market for Ductile Iron Pipe Fittings (DIPF).

DIPFs are used to join water pipes in water systems.

There is no substitute, even when PVC pipe is used.

There is a "putative class action" antitrust lawsuit pending in federal court in New Jersey.

Our City and County could recover triple damages, attorney fees and injunctive relief, whether in a class action, or separately.

To read the FTC Chief Judge's decision:
http://www.ftc.gov/os/adjpro/d9351/130509mcwanechappelldecision.pdf

It's 476 pages.

Apparently not one newspaper or news outlet in the entire Nation has bothered reporting on this decision, which the FTC Chief Judge issued in May. Wonder why?

No comments: