A Florida man alleges the trading strategy of a Chicago corporation and an introducing broker caused an 80 percent loss in a partnership earlier this year.
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A federal judge has signed off on a $354 million settlement deal to box up a years-long price fixing antitrust class action against some of the country’s largest makers of cardboard. And the attorneys who represented the plaintiffs in the action are set to take in nearly $100 million, or roughly 30 percent of the settlement fund.
A Chicago federal judge has boxed up a class action antitrust suit against two containerboard companies, which alleged the companies conspired to fix prices, saying plaintiffs may have raised prices and cut production, but defendants failed to show the acts were part of a scheme and not simply reactions to the market.