Eastern District Of Virginia Denies Motions To Dismiss Exchange Act Claims Against Building Products Company In Connection With Its Pricing Strategy And Purported Anti-Competitive Conduct
By EsqSocial Corporation 03/11/20
The amended complaint alleges that the Company—a manufacturer and seller of doors and windows—engaged in an anticompetitive scheme when it acquired one of its two competitors and then conspired with its remaining competitor to raise prices of doorskins, which account for up to 70% of the cost to manufacture a molded door. Plaintiffs asserted that…...
By: Shearman & Sterling LLP