Bridgestone, tire firms sue Chemtura for prices.Three tire companies Manufacturer Country Est. Brands and Subsidiaries Aeolus Tyre China Alliance Tire Company Ltd. Israel 1950 Amtel-Povolzhye, Kirov; Amtel-Chernozemye, Voronezh Apollo Tyres Ltd. are suing rubber chemicals maker Chemtura in federal court in Nashville, seeking refunds and triple damages for goods purchased during a global price fixing price fixing n. a criminal violation of federal anti-trust statutes, in which several competing businesses reach a secret agreement (conspiracy) to set prices for their products to prevent real competition and keep the public from benefiting from price competition. conspiracy. Middlebury, CT-based Chemtura, which last year changed its name from Crompton, has pleaded guilty in a federal case and has been fined by European regulators for its role in artificially boosting prices of chemicals used to make rubber between 1995 and 2001. The lawsuit lawsuit: see procedure; tort. was filed by Bridgestone, Nashville, TN; Baudag, Muscatine, IA; and Pirelli Tire LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Rome, GA. Chemtura and subsidiary Uniroyal Chemical are named as defendants. |
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