In re Packaged Ice Antitrust Litig., MDL No. 1952 (E.D. Mich.)

Lead Counsel

Nature of the Action

The complaint alleges that the three major producers of packaged ice carved the United States into three territories and agreed not to compete.  Defendants deny the existence of this cartel.

CLASS' SETTLEMENT APPROVED WITH REDDY ICE

Reddy Ice filed for bankruptcy protection in the United States Bankruptcy Court for the Northern District of Texas. The Indirect Purchaser class settled its claims against Reddy Ice for $700,000.  The Bankruptcy Court certified a settlement class of all indirect purchasers of packaged ice in the continental United States from Reddy Ice, Arctic Glacier and Home City; and found the settlement to be fair, adequate and reasonable and that notice complied with Federal Rule of Bankruptcy Procedure 7023(e) and due process. 

CLASS' SETTLEMENT WITH DEFENDANT THE HOME CITY ICE COMPANY

On March 7, 2012, the Indirect Purchaser class settled their claims with Defendant The Home City Ice Company in  In re Packaged Ice Antitrust Litig., MDL No. 1952 for $2,700,000.  In addition, the Indirect Purchaser class’ settlement agreement provides for an injunction and cooperation by Home City in the prosecution of the class’ claims against Home City’s alleged co-conspirators.

The United States District Court for the Eastern District of Michigan approved the settlement, but appeals are pending.

Matthew S. Wild and Max Wild serve as counsel for the Indirect Purchaser Class in In re Packaged Ice Antitrust Litig., MDL No. 1952.

CLASS' SETTLEMENT WITH THE ARCTIC GLACIER DEFENDANTS

A settlement has been reached with the Arctic Glacier defendants for up to $3,950,000 depending on the total value of claims filed.  After deduction of attorneys' fees and expenses, the unclaimed funds reverted to the Arctic Glacier bankruptcy estate.  A brief description of the settlement and the class members' rights appears here (Short Form Notice).  A complete description of the settlement and the class members' rights appears here (Long Form Notice).  The settlement agreement appears here (Settlement Agreement).

The United States Bankruptcy Court for the District of Delaware granted final approval of the settlement with the Arctic Glacier entities.  The claim form (and final approval notice) is available here: Claim Form (and Final Approval Notice).  The claims filing deadline has passed.  The final long form notice that fully explains the Class Members' rights is available here: Final Long Form Notice

The truth of the matter is that you always know the right thing to do. The hard part is doing it.
Norman Schwarzkopf