Marathon Petroleum dodged a gasoline price-fixing lawsuit brought by the state of Kentucky, with a federal judge ruling that the state’s economic expert failed to properly define the market it accused Marathon of manipulating.
The expert report “fails to establish a relevant market, calculates damages based on a flawed comparison, and makes no attempt to control for the impact of defendants’ pro-competitive behavior,” Judge David J. Hale for the Western District of Kentucky wrote Monday, June 1.
The antitrust suit targeted supply agreements allegedly used by Marathon, one of the country’s largest refiners, to restrict the ability of “unbranded” gas stations to compete.
Full Content: Bloomberg
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