Indirect purchasers do not need to have provided consideration in order to be assigned federal antitrust claims and gain direct purchaser standing, the U.S. Court of Appeals for the Third Circuit ruled on Wednesday.
In Wallach v. Eaton Corp., a three-judge panel of the appeals court overturned the dismissal of Tauro Brothers Trucking Co.’s putative class action against trucking parts manufacturer Eaton Corp., seeking damages stemming from an alleged monopolization conspiracy that ousted an emerging competitor from the market. The U.S. District Court for the District of Delaware had denied Tauro class certification and tossed the case in its entirety for lack of federal jurisdiction under Article III of the Constitution.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
