K&O files a class action charging the packaged ice industry with conspiring to fix prices and allocate markets.
On March 27, 2008, K&O filed a class action complaint against Reddy Holdings, Inc., Reddy Ice Corporation, Arctic Glacier Income Fund, Arctic Glacier, Inc., Arctic Glacier International, Inc., and Home City Ice Company, Inc. in the Eastern District of Michigan, on behalf of purchasers of packaged ice during at least the period January 1, 2002 to at least March 5, 2008 (the “Class Period”). The complaint alleges that during the Class Period, the defendants engaged in a combination and conspiracy, the purpose and effect of which was to allocate markets and customers and to artificially fix, raise, maintain or stabilize the price of Packaged Ice sold in the United States. As a result of this illegal combination or conspiracy, defendants were able to charge supra-competitive prices for packaged ice sold in the United States to plaintiff and members of the class. The same condcut at issue in this action is the subject of an investigation into anticompetitive conduct in the Packaged Ice industry by the United States Department of Justice.
