HAGENS BERMAN

Date Filed: October 18, 2010
Court: U.S. District Court
Location: New Jersey

A group of farmers recently filed a national class-action lawsuit against Premier Chemicals LLC, Sumitomo Corporation of America, and YAS, Inc. for allegedly conspiring to fix prices of magnesium oxide (including caustic MgO and dead-burn MgO) that forced farmers and ranchers to overpay millions of dollars.

According to the complaint, the three companies agreed to control the price of magnesium oxide, which is often used in livestock feed and fertilizers. The complaint also shows that the named defendants justified price increases on the basis of short supplies, and increased energy and freight costs.

The suit accuses the defendants of violating state and federal trade laws. Attorneys are asking the court to provide relief to indirect purchasers of magnesium oxide, and request that these companies stop engaging in anti-competitive practices.

The proposed class action seeks to represent all U.S. purchasers, such as farmers and ranchers, of magnesium oxide or products containing magnesium oxide that were manufactured or distributed by Premier Chemicals LLC, Sumitomo Corporation of America, or YAS, Inc. after Jan. 1, 2004.

If you purchased products containing magnesium oxide, you are encouraged to contact attorneys by filling out this form.

        

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