Bail Bond Insurer Must Face Price-Fixing Antitrust Claims by California Customers
OAKLAND, Calif. (CN) — A bail bonds surety company and its chief executive must face a class action claiming they conspired to fix the prices California defendants and their families must pay to get released from jail as they await trial, a federal judge ruled Tuesday. U.S. District Judge Jon Tigar dismissed virtually all antitrust claims against 28 bail industry players with leave to amend, but he refused to toss claims against American Surety Company and its president, CEO and co-owner William Carmichael. Both are accused of being “ring leaders” of a conspiracy to discourage rivals fr...
Source: courthousenews.com