Abrasive Grain Antitrust Litigation


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Class Members

$10,600,000

Settlement Fund

09-12-2002

Date

Case Description


Class Plaintiffs alleged that the defendants,Washington Mills, Exolon-Esk, and Norton Company, participated in an unlawful agreement to control the price of Artificial Abrasive Grain in the United States. The resulting settlement totaled to $6 million in cash and $5.6 million in freely transferable coupons.

 

Counsel for Plaintiffs:

Bruce K. Cohen (Meredith, Cohen, Greenfogel & Skirnick, P.C)

Jeanne. P. Wrobleski (Jeanne P. Wrobleski & Associates, LLC)

Douglas A. Abrahams (Kohn, Swift & Graf, P.C)

Martin I. Twersky (Berger & Montague, P.C)

 

Counsel for Defendants:

Robert L. Hickok (Pepper Hamilton LLP) Kevin M. Kearney (Hodgson Russ LLP) 

 

Settlement Agreement

Notice

Judge's Order

Court Information


Case #
No. 95-CV-7574-CJS, 95-CV-7580
Case Type
Antitrust
Court Type
District Court
Jurisdiction
Western District of New York
Judge
Victor E. Bianchini
Industry
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CCC Performance


The coupon entitled the user up to 25% off the invoice price of specified artificial abrasive grains at the specified firm(s) listed on the coupon. CCC stepped in as the market maker. CCC stepped in as the market maker and conducted multiple auctions, connecting prospective buyers and sellers of the coupons which otherwise would not have occurred in the marketplace.

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