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US: CAT, Komatsu, Volvo slapped with antitrust suit

By  |  February 2, 2015

International Construction Products (ICP) has filed an antitrust lawsuit against Caterpillar, Komatsu and Volvo, accusing them of collusion and unfair competition by excluding ICP from the US market by “effectively dismantling its primary distribution channel: online sales,”.

Specifically, the suit alleges the three manufacturers threatened to boycott online equipment marketplace IronPlanet, a key partnership in ICP’s plan to sell new equipment directly to customers at prices up to 40 percent below those of Cat, Komatsu and Volvo.

ICP is seeking both compensatory and punitive monetary damages as well as a court order to unwind the IronPlanet/Cat Auction Services merger.

 

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