Retail Industry
Industry: Email Alert RSS FeedFlash suit to move ahead.(Vidbits)(Flash Electronics Inc.)(Brief Article)
Video Business, April, 2004 by Netherby, Jennifer
A New York judge ruled an antitrust lawsuit brought by Flash Electronics and now defunct wholesaler ETD against Universal, Ingram and VPD can proceed to trial. Federal District Judge Raymond J. Dearie said the $30 million lawsuit, filed in 2000, may move forward on charges that Ingram and VPD got product at lower prices than other distributors.
Charges that Ingram and VPD interfered with Flash and ETD customer relationships, fraud, misrepresentation and ETD's charge of breach of contract because Universal didn't give proper termination notice, also will stand for trial. The judge dismissed several claims, however, including charges of group boycott, price fixing and allegations that Universal interfered with its own client relationships. Universal, Ingram and...
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