Iowa Cement Conspiracy Case Dismissed

Northern District of Iowa Judge Mark Bennett dismissed a case filed by contractors and other plaintiffs against Iowa cement companies alleging a broad agreement to fix prices.  Plaintiffs supported the conspiracy allegations by pointing to plea agreements in criminal cases in which executives at the cement companies admitted price fixing.  The court found, however, that the admissions related only to a few specific instances of bid rigging and were insufficient to permit a plausible inference of a broad conspiracy that would have raised prices generally.

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