An expert witness testified in front of the Federal Trade Commission on Wednesday in favor of McWane Inc., on trial for an alleged price-fixing scheme. Antitrust economist Parker Normann argued that despite McWane’s decision to sell products above public prices, the cost increases did not create an anti-competitive market. Additionally, Normann argued price averages did not rise. McWane is under fire for allegedly conspiring with Sigma Corp. and Star Pipe Products Ltd. in the charges.
Full Content: Law360
Related Content: The FTC Complaint against Intel Corporation: Implications for Consumer Protection
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
