In an 85-page ruling today, Judge Forrest dismissed a group of cases alleging that trading firms and warehouse operators conspired to increase the price of aluminum. The opinion states that the motion consisted of more than 2,600 pages of material, and refers to the fact that the parties delivered a tutorial to Judge Forrest on the workings of the aluminum trading market. The ruling was primarily based on the fact that the allegations amounted to parallel, rational market behavior, not a conspiracy:
Continue Reading Judge Forrest Dismisses Aluminum Antitrust Case; Rules Price Increase “Unintended Consequence” of Parallel Conduct