Archery Product Makers Accused of Price Fixing, Acting as Cartel

Several archery product manufacturers, retailers, distributors, and trade associations are accused in a lawsuit of conspiring to artificially raise prices and eliminate price competition through minimum advertised price policies.

Plaintiff Joseph Santarlas, on behalf of a proposed class, on Friday sued Hoyt Archery Inc., Bowtech Inc., Mathews Archery Inc., Precision Shooting Equipment Inc., and others in the archery industry.

The complaint, filed in the US District Court for the District of Utah, accuses the defendants of violating federal antitrust laws by agreeing to adopt and enforce policies that set a price floor for archery products. It seeks injunctive relief, treble ...