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U.S.: Expert testimony in favor of McWane in price-fixing case

By  |  October 25, 2012
U.S.: Expert testimony in favor of McWane in price-fixing case

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.

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