Appeals Court Upholds De Beers Settlement Case
December 21, 11(IDEX Online News) – The U.S. Court of Appeals for the Third Circuit issued an opinion Tuesday upholding the settlement in the class action litigation against De Beers for allegedly conspiring to monopolize the sale of rough diamonds.
The appellate court affirmed an order by U.S. District Judge Stanley R. Chesler of the District of New Jersey that approved a settlement under which De Beers agreed to pay $295 million to
In July 2010 a