Fasteners Price Fixing

This claim, filed under Section 1 of the Sherman Act, 15 U.S.C. § 1 and proceeding in the United States District Court, Eastern District of Pennsylvania, concerns allegations of a worldwide long- running conspiracy to fix prices for various types of fasteners. Plaintiffs allege that since as early as 1999 the defendants have conspired to fix, raise maintain and stabilize the prices, and allocate customers by geographic market, in the worldwide sale of zippers, snaps, rivets, hooks and eyes and eyelets in the textile, apparel and footwear industries. As part of this conspiracy, the defendants agreed upon price increases, minimum prices, the allocation of specific markets and exchanged commercially important and confidential information.

As a result of this activity, the plaintiffs paid artificially higher prices than absent the conspiracy, sums they seek to recover through this lawsuit.

Case Documents Document Date Type
Consolidated Complaint 05/24/10 Fastener_ConsolidatedComplaint.pdf