US: Two rulings on the application of Foreign Trade Antitrust Improvements Act

“A pair of district court rulings handed down Friday on the scope of U.S. antitrust law reinforce plaintiffs lawyers’ ability to sue foreign companies over claims that they fixed prices, even when the transactions at issue took place overseas.

‘It is sufficient that a conspiring defendant negotiated to set the price of a good that was imported into the United States, even if that good was sold by another conspirator or imported by someone else,’ Tigar wrote in his ruling in a case against makers of cathode ray tubes.

Both rulings focused on the scope of the Foreign Trade Antitrust Improvements Act, or FTAIA, a 1982 statute intended to limit companies’ liability for price-fixing claims that did not affect the U.S. market.”

Text from: http://www.therecorder.com/home/id=1202769129911/In-PriceFixing-Cases-Two-Judges-Rule-on-Reach-of-US-Antitrust-Law?mcode=1202617072607&curindex=1&slreturn=20160904111243