FEDERAL COURT DISMISSES ANTITRUST LAWSUIT.SEATTLE--(BUSINESS WIRE)--May 16, 1995--An antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. lawsuit brought against Washington Natural Gas Co., the principal subsidiary of Washington Energy Co. (NYSE NYSE See: New York Stock Exchange :WEG WEG Wohnungseigentumsgesetz WEG World Equestrian Games WEG West End Games (gaming company) WEG Wicked Evil Grin WEG Woodbine Entertainment Group WEG Wright Entertainment Group WEG Weapons Evaluation Group WEG Water-Ethylene Glycol ), has been dismissed by the U.S. District Court for the Western District of Washington. In dismissing the lawsuit, the Court noted that since the gas company is regulated and actively supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin by state policy and procedures, the state action doctrine bars all of the suit's antitrust claims against it. In rejecting the federal antitrust claims, the Court also declined to maintain jurisdiction over the remaining state law claims. Plaintiffs have the right to appeal the decision and to reassert reassert Verb 1. to state or declare again 2. reassert oneself to become significant or noticeable again: reality had reasserted itself Verb 1. their remaining claims under state law. The lawsuit, brought by Cost Management Services Inc., a natural gas broker based in the Seattle area, had challenged Washington Natural's practices in the sale and transportation of natural gas to industrial and commercial customers. CONTACT: Washington Energy Co., Seattle Investors: Betsy Moseley, 206/224-2270 Media: Bob Adams, 206/382-7849 |
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