Appeals court rules in favor of Asian rubber thread exporters

RICHMOND, Va. (Aug. 19)—The price-fixing activities of Malaysian, Indonesian and Thai rubber thread exporters had no substantial effect on U.S. manufacturers of elastic goods, the U.S. 4th Circuit Court of Appeals has ruled. Elastic goods makers Asheboro Elastics Corp. and Dee-K Enterprises Inc. appealed to the 4th Circuit a lower court decision denying them relief because of a Southeast Asian conspiracy to fix rubber thread prices. Asheboro and Dee-K will file for reconsideration before the U.S. Supreme Court, said Asheboro President Keith Crisco.