Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

There's a longstanding case still bouncing around the court system:

http://en.wikipedia.org/wiki/De_Beers_Diamonds_Antitrust_Lit...



"The settlement provides $295 million to purchasers of diamonds and diamond jewelry, including $130 million to consumers."

Does anyone think it seems like a very low number? Just $130 million for consumers, considering the cartel has been operating for decades and brought in billions?


Sounds low to me. And the agreement not to monopolize sounds flimsy. But I'm sure the class action legal firms did just fine.


It's really low, when you remember that antitrust violations carry triple damages, not just single. (http://en.wikipedia.org/wiki/Triple_Damages)




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: