PITTSBURGH (June 24, 2009)-The judge in the federal antitrust suit filed by Specialty Tires of America Inc. in September 2007 against Hoosier Racing Tire Corp. has set a hearing for July 14 following motions by all parties seeking summary judgment.
In the suit, being heard in the Federal District Court for the Western District of Pennsylvania in Pittsburgh, STA and its Race Tires America division allege 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."
STA claims Hoosier controls more than 70 percent of the dirt oval track market, which consists of about 636 tracks in the U.S. holding races roughly 22 weeks a year.
In the intervening 21 months, the two companies and other affected parties have submitted documents on more than 250 occasions-about half of which were sealed by the court after the litigants argued successfully that they contain "confidential, non-public business information."