Litigation
Dec. 22, 2011
Court upholds De Beers settlement
The 3rd Circuit Court of Appeals upheld a $295 million settlement of a class action that alleged South African diamond company De Beers had conspired to monopolize the diamond market and inflate prices.
Daily Journal Staff Writer
The 3rd U.S. Circuit Court of Appeals handed a major victory to San Francisco attorneys Tuesday, upholding a $295 million settlement of a class action that alleged South African diamond company De Beers conspired to monopolize the diamond market and inflate prices.
An en banc panel of the Philadelphia-based circuit upheld a district court's approval of the settlement, which paid money out to both j...
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