DeBeers class action

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DeBeers class action]

De Beers is the largest supplier of rough diamonds in the world. Beginning in 2001, Plaintiffs in several states filed lawsuits against De Beers in state and federal courts alleging that De Beers unlawfully monopolized the supply of diamonds, conspired to fix, raise, and control diamond prices, and issued false and misleading advertising. De Beers denies it violated the law or did anything wrong.

The Settlement Agreement provides that $22.5 Million be distributed to the Direct Purchaser Class, and that $272.5 Million will be distributed to the Indirect Purchaser Class. De Beers also agrees to refrain from engaging in certain conduct that violates federal and state antitrust laws and submit to the jurisdiction of the Court to enforce the Settlement.

I hope you got your claim in. The deadline was a few days ago.

Diamonds Claims Administrator
PO Box 9432
Minneapolis, MN 55440-9432

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This page contains a single entry by Hugh Brown published on January 27, 2008 4:48 AM.

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