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U.S. appeals court tosses out $147. 8 million case in China price fixing case
... foreign relations that the 2nd. This Court of Appeals in Manhattan said. The 2 - 1 decision is a defeat for Texas-based Animal Science Products Inc and New Jersey-based Ranis Co who claimed they were overcharged by Hebei Welcome Pharmaceutical Co and North China Pharmaceutical Group China Pharmaceutical Group Corp for vitamin C. The court rewad a $147.8 million jury verdict in Brooklyn that China won three years earlier, saying it must defer to his view that its laws required fixing prices and quantities of vitamin C exports....
Updated: 08/10/2021
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