Kenneth B. Moll & Associates, Ltd. is Investigating Price Fixing Claims against Norfalco LLC, Noranda Inc. and Falconbridge Ltd.Business Editors/Legal Writers CHICAGO--(BUSINESS WIRE)--May 21, 2003 Kenneth B. Moll & Associates, Ltd. announce that it is currently conducting an investigation into whether Norfalco LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Noranda Inc. and Falconbridge Ltd. raised, fixed and maintained the prices of sulfuric acid sulfuric acid, chemical compound, H2SO4, colorless, odorless, extremely corrosive, oily liquid. It is sometimes called oil of vitriol. Concentrated Sulfuric Acid sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. during the period of January 1, 1988 through December 31, 2002. Sulfuric acid is used to manufacture many products including: high-octane gasoline, lubricants, rubber, plastics, fertilizer, organic products, refining petroleum, paints and pigments, processing metals, explosives, pulp and paper, detergents, batteries, a variety of specialty chemicals. It is also used to make textiles and rayon. The largest single use of sulfuric acid is in making fertilizers. About 65% of the sulfuric acid produced annually is used in the production of agricultural fertilizers that include both superphosphate superphosphate or superphosphate of lime, Ca(H2PO4)2, is a compound produced by treating rock phosphate with sulfuric acid or phosphoric acid, or a mixture of the two. and ammonium sulfate. Press reports indicate that the Canadian Competition Bureau and the Antitrust Division of the United States Department of Justice “Justice Department” redirects here. For other uses, see Department of Justice. The United States Department of Justice (DOJ) is a Cabinet department in the United States government designed to enforce the law and defend the interests of the United States are conducting investigations into illegal price-fixing and collusive col·lu·sive adj. Acting in secret to achieve a fraudulent, illegal, or deceitful goal. col·lu  sive·ly adv. activities among Norfalco, LLC, Noranda, Inc., and Falconbridge, Ltd. There are also various other companies being investigated for conspiring to fix and maintain sulfuric acid prices. A recent hearing held in the Ontario Court of Appeals revealed that an unnamed Noranda executive successfully convinced American sulfuric acid producers in the 1980's to close three manufacturing plants, fix prices and exchange customer lists. The investigators that disclosed this information also alleged that, in return for cutting supply, the Noranda executive agreed to pay American producers a high commission for selling Noranda's sulfuric acid in the United States. Attorney Michael O'Meara states, "the purpose of this investigation is to inform purchasers of sulfuric acid that they may have overpaid o·ver·pay v. o·ver·paid , o·ver·pay·ing, o·ver·pays v.tr. 1. To pay (a party) too much. 2. To pay an amount in excess of (a sum due). v.intr. To pay too much. due to antitrust violations and, as a result, we will be seeking three times their financial loss." |
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