Legal Opinion
Loeb Industries, Inc. v. Sumitomo Corp.
Court of Appeals for the Seventh Circuit
Decided September 20, 2002No. 00-3979, 01-1148, 01-3229, 01-3230, 01-3485PublishedCited by 24 opinions
1Opinion of the Court
DIANE P. WOOD, Circuit Judge.
These cases, which we have consolidated for purposes of this opinion, all arise out of an alleged conspiracy in the 1990s to fix the price of copper futures at artificially high levels on the international exchange markets. This market manipulation necessarily and directly inflated the price of the products purchased by the plaintiffs, buyers of copper cathode, copper rod, and scrap copper, who have sued for violations of the Sherman Act, RICO, and various *475state laws. The district court dismissed the claims of each of the plaintiffs either on the ground that their…
2Cases cited41 opinions
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- Poller v. Columbia Broadcasting System, Inc.Supreme Court of the United States · 1962
- Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc.Supreme Court of the United States · 1977
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3Cited by24 opinions
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