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VitaminsIn re: Vitamins Antitrust Litigation
MDL No. 1285, U.S.D.C., District of the District of Columbia March 2009
Hausfeld LLP serves as co-lead counsel for two certified classes of businesses that directly purchased bulk vitamins and were overcharged as a result of a ten year global price-fixing and market allocation cartel. The court approved eight major settlements between certain vitamin defendants and the Class Plaintiffs, including a landmark partial settlement of $1.1 billion.
In a later trial concerning four of the Class Plaintiffs’ remaining unsettled Vitamin B4 (choline chloride) claims, a federal jury in Washington unanimously found Japan’s second largest trading company, Mitsui & Co., Ltd., its wholly-owned U.S. subsidiary Mitsui & Co. (U.S.A.), Inc., DuCoa, LP, a choline chloride manufacturer based in Highland, Illinois, and DuCoa’s general partner, DCV, Inc., liable for participating in the cartel and ordered them to pay $49,539,234, before trebling to $148,617,702 under the federal antitrust laws. The case was subsequently settled against the Mitsui defendants.
On January 27, 2009, the court granted preliminary approval to a proposed settlement with DCV and DuCoa under which those defendants will transfer essentially all of their assets to purchasers of choline chloride.
Further information about the settlement is available at http://www.hrsclaimsadministration.com/cases/vit/ or can be obtained by contacting the attorneys working on the matter, Michael D. Hausfeld, Brian A. Ratner or Brent W. Landau.
Practice Areas: Antitrust / Competition
Related Press Releases
» Order Preliminarily Approving Settlement with DCV, Inc. and DuCoa L.P.
» Settlement Agreement (PDF)
» Class Notice (PDF)