Saturday, January 2, 2010

DeBeers: Justice Wins Less Than Interest

Plaintiffs started suing De Beers (diamond mining, wholesaler and merchant) in 2001 for price-fixing, deceptive advertising and other crimes against the market.

The cases were consolidated into a class action to include most people who purchased diamonds between 1994 and early 2006; a settlement was agreed to in 2008 and as WSYR reports, everyone should get their $10-$20 in about another year, possibly more.
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