Anti-dumping actions are no exception anymore, writes the financial magazine Caijing, but now also anti-trust suits in US-courts have entered the scene. (Picked up from the Chinabiz headline service). Magnesite producers and vitamin C producers are targets of the legal procedings.
United States antitrust law combats practices that restrain free competition. Compared to cases involving other areas of US trade law, like antidumping, antitrust lawsuits often carry much more severe penalties, including fines for the company and even criminal prosecution for its executives.
Price manipulation is considered a critical factor in determining whether monopolistic conditions exist, and thus is a key focus of both suits. The magnesite complaint alleges that the defendant companies formed a price union in April 2000, after magnesite prices dropped in 1999.
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