Cotchett, Pitre & McCarthy Files First Direct Purchaser Antitrust Class Action Challenging Alleged Global Shipping Container Cartel

AI Summary

Cotchett, Pitre & McCarthy LLP filed an antitrust class action against a global shipping container cartel accused of price-fixing to restrict supply and raise prices, adversely impacting American businesses and consumers. The case highlights significant issues of competition distortion in global shipping markets.

“When companies controlling virtually the entire global supply conspire to restrict output and raise prices, American businesses suffer. The alleged conduct distorted a critical market at precisely the moment when businesses and consumers were most vulnerable.” — Adam J. Zapala, Cotchett, Pitre & McCarthy LLP “Price-fixing cartels harm competition and the economy, and we look ...