INDIANA, Pa. (Sept. 28, 2007) — Specialty Tires of America Inc. and its Race Tires America division have filed an antitrust lawsuit against Hoosier Racing Tire Corp. in federal court in Pennsylvania alleging Hoosier is using its monopoly power in the dirt oval track market to eliminate competition for the sale of racing tires.
STA claims Hoosier is excluding competition by entering into exclusive, long-term agreements with major sanctioning companies so that they will specify only Hoosier tires at races they sanction in return for "large payments."
Hoosier Tire declined to comment, saying it had not seen the suit.
The suit, filed Sept. 25 in the Federal District Court for the Western District of Pennsylvania, cites sections of the Clayton Act and Sherman Act for justification. The suit seeks treble damages for "injuries sustained by plaintiff" and a permanent injunction enjoining Hoosier and those acting in concert with Hoosier from entering into or enforcing Hoosier-only tire rules for dirt racing events in relevant markets.