France's Saint-Gobain, others hit with price-fixing claims in US court [Reuters]
COMPAGNIE ST GBN UNSP/ADR (CODYY)
NASDAQ:AMEX Investor Relations:
saint-gobain.com/en/finance
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Source: Reuters
new lawsuit in Philadelphia federal court over claims they conspired to fix the prices of key ingredients that are added to cement, concrete and mortar. The prospective class-action lawsuit was filed on Wednesday by a general contractor supply company in Jamestown, New York, accusing Saint-Gobain, Swiss firm Sika (SIKA.S) , Germany's Master Builders Solutions and other defendants of conspiring to artificially inflate prices. The lawsuit from M&D Peterson LLC comes after the European Commission, working with British and Turkish competition authorities, announced in October surprise inspections of companies in the construction chemicals sector. Sika, Saint-Gobain and Master Builders were targets of the probe, the lawsuit said. A Saint-Gobain spokesperson pointed to a statement that said the group was cooperating and that "at this stage we see no reason to believe there will be an impact" on the company. Representatives for Sika and Master Builders did not immediately respond t
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