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Company Statement: Arctic Glacier reaches settlement with U.S. direct purchaser class action

( March 31, 2011, 12:00 GMT | Official Statement) -- MLex Summary: Arctic Glacier has announced the settlement of a class action filed by direct purchasers of packaged ice. The agreement requires approval before the settlement totalling 12.5 million dollars can be paid out. The class action filed by direct purchasers of packed ice was consolidated before the U.S. District Court for the Eastern District of Michigan.WINNIPEG, MANITOBA--(Marketwire - March 31, 2011) - Arctic Glacier Income Fund (TSX:AG.UN) today announced it has reached an agreement to settle a class action filed by direct purchasers of packaged ice against Arctic Glacier International Inc., the Fund's U.S. operating subsidiary, alleging antitrust law violations....

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