CLASS ACTION LAWSUIT FOR ISRAELI INK CARTRIDGE RETAILER

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CLASS ACTION LAWSUIT FOR ISRAELI INK CARTRIDGE RETAILER

 user 2008-06-05 at 11:21:02 am Views: 52
  • #20341
    http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-04-2008/0004826087&EDATE=
    Blue Square Announces its Subsidiary Served With a Claim and Request for Approval as a Class Action
     Israel,
    June 08– BlueSquare-Israel Ltd.  (hereinafter: “Blue Square”)
    announced that on June 3, 2008 its subsidiary the Blue Square Chain
    (Hyper Hyper) Ltd.(hereinafter: “Hyper”) was served with a claim and a
    request for approvalas a class action (the “Claim”), in which Hyper is
    being sued together withother defendants, regarding the marketing of
    ink cartridges.

    The Claim alleges that the defendants
    coordinated the prices of certain Hewlett-Packard (“HP”) ink cartridges
    sold by them, in a way that constitutes allegedly an agreement in
    restraint of trade. According to the claim, the defendants allegedly
    sell HP ink cartridges for a higher price than the price charged for
    such ink cartridges by smaller retailers. The plaintiff’s personal
    claim is estimated at NIS 496 and if the Claim is approved as a class
    action, the approximate claim against all the defendants is estimated
    by the plaintiff at NIS 81 million (against all defendants). The Claim
    requests relief in the form of declaration of an agreement in restraint
    of trade, monetary compensation and a mandatory injunction to stop
    alleged price coordination.

     Hyper is currently reviewing the
    Claim and denying all above allegations, however, at this preliminary
    stage of the proceedings, it is unable to evaluate its likelihood of
    success in the proceedings, including the likelihood that the Claim
    will be certified as a class action.Blue Square-Israel Ltd. is a
    leading retailer in Israel. A pioneer of modern food retailing, in the
    region. Blue Square currently operates 188 supermarkets under different
    formats, each offering varying levels of services and prices. For more
    information, please refer to the Blue Square-Israel Ltd. website at

    http://www.bsi.co.il.