| Re: Latest update in the never-ending DeBeers lawsuit saga |
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Interesting. I'm sorry but what did DeBeers do?
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| Re: Latest update in the never-ending DeBeers lawsuit saga |
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The lawsuits claim that the largest suppliers of diamonds in the world—De Beers S.A. and its associated companies—violated antitrust, unfair competition, and consumer-protection laws by monopolizing diamond supplies, conspiring to fix, raise, and control diamond prices, and disseminating false and misleading advertising. De Beers and the other companies deny they violated the law or did anything wrong. They also say that because they do not do business in the United States, the courts in the United States do not have authority over them.
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| Re: Latest update in the never-ending DeBeers lawsuit saga |
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How long has this suit been going on? DeBeers has manipulalted markets since they first started mining, as far as I know. Why a suit now, after all these many many years? It sounds like their point is right -- U.S. courts have no jurisdiction over them.
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| Re: Latest update in the never-ending DeBeers lawsuit saga |
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The suit has been going on for at least 6 years. There is a lot of information here:
https://diamondsclassaction.com/FAQ.htm#1 |
| Re: Latest update in the never-ending DeBeers lawsuit saga |
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They're famous in the popular culture (yes, that's a pretentious term I learned in college, lol) at least in the US of doing exactly these things. Like I said, interesting. Please keep us updated and, um, I hope you get your 15 cents!
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| Re: Latest update in the never-ending DeBeers lawsuit saga |
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I think its more likely to be 1.5 cents. |