US: SCOTUS to rule on weight of Chinese government evidence after vitamin C case
On Friday, January 12, the Supreme Court said it would hear an antitrust case involving price fixing by Chinese vitamin C makers, agreeing to decide whether US judges must defer to legal submissions made by the Chinese government.
The case goes back to 2005 when a lawsuit brought by vitamin C purchasers alleged that Chinese vitamin C makers were conspiring to fix prices and supplies in the US.
In a twist, the Chinese companies did not refute the allegations but instead insisted that their actions were required under Chinese regulations that directly address vitamin C export pricing.
Furthermore, China’s Ministry of Commerce moved to aid the Chinese vitamin C makers by filing a friend-of-the-court brief that urged dismissal of the lawsuit explaining that the companies’ actions were mandated by Chinese law and argued the lawsuit was an inappropriate interference with Chinese industrial policy.
In 2013, a Brooklyn court sided with the US vitamin purchasers, but in 2016 the Second US Circuit Court of Appeals in New York sided with the Chinese companies.
Now, the Supreme Court will review the case.
Full Content: The Wall Street Journal
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
NCAA and SEC Approve Historic $2.8 Billion Settlement in Antitrust Cases
May 23, 2024 by
CPI
Apple Defends 27% Fee in Compliance with Court Order, Phil Schiller Testifies
May 23, 2024 by
CPI
French Billionaire Xavier Niel Eyes $4 Billion Millicom Buyout
May 23, 2024 by
CPI
ITA-Lufthansa Merger Faces Scrutiny from European Commission
May 23, 2024 by
CPI
Google Explores Major Acquisition of HubSpot to Bolster Cloud
May 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI