F & V Oil Company, Inc., et al v. Reddy Ice Holdings, Inc., et al, No. 08-11152 (E.D. Mich.)

This price fixing case is a product of three packaged ice manufacturers which pleaded guilty to price fixing charges.  Faruqi & Faruqi represents a class of direct purchasers against manufacturers of packaged ice alleging conspiracy to fix prices and allocate markets in violation of § 1 of the Sherman Act.  Plaintiffs alleged that the three principal packaged ice producers allocated markets nationwide and agreed not to compete in other defendants’ geographic markets.  Without such competition, defendants were able to charge surpacompetitive prices for packaged ice.  Plaintiffs have reached settlements with two of three defendants, which have been approved by the Court.