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De Beers' C$9.4 million deal to end Canadian price-fixing action approved

By Richard Vanderford ( January 24, 2018, 20:49 GMT | Insight) -- A national class action settlement to resolve claims that diamond producer and seller De Beers engaged in price-fixing is fair, a Canadian court said, approving the deal. The C$9.4 million ($7.6 million) agreement between a class of diamond buyers and several De Beers entities is "fair, reasonable and in the best interests of the class," a British Columbia Supreme Court justice said.A national class action settlement to resolve claims that diamond producer and seller De Beers engaged in price-fixing is fair, a Canadian court said, approving the deal....

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