Mealey's Antitrust/Unfair Competition - Steel Distributor Awarded $52 Million In Compensatory Damages For Boycott

Mealey's Antitrust/Unfair Competition - Steel Distributor Awarded $52 Million In Compensatory Damages For Boycott

HOUSTON - A federal jury in Texas on March 25 awarded $52 million in compensatory damages to steel distributor MM Steel LP on its claims that its competitors and steel producers conspired to put it out of business by engaging in a group boycott in violation of federal antitrust law (MM Steel, LP, et al. v. Reliance Steel & Aluminum Co., et al., No. 4:12-cv-01227, S.D. Texas).

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