Featured Cases

Diamonds Antitrust Litigation

Zelle Hofmann represents consumers in a class action lawsuit brought on behalf of purchasers of diamonds and diamond jewelry in the United States, alleging that the De Beers group of companies unlawfully monopolized the gem diamonds market. The court approved a class action settlement on April 14, 2008. The Settlement created a $295 million Settlement Fund for resellers and consumers who purchased diamonds from January 1, 1994 through March 31, 2006. In addition, as part of the settlement, De Beers agreed to a stipulated injunction, which provides that De Beers will abide by federal and state antitrust laws, will not engage in certain specific conduct to control prices or restrict supply, and will submit to the Court’s jurisdiction for the purpose of enforcement of the injunction.

© 2008 Zelle Hofmann/ Not Certified by the Texas Board of Legal Specialization
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