Sales Executive Suspended: Reddy Ice announced today that it has suspended its Executive Vice President of Sales & Marketing, Ben Key, because an internal committee's investigation found that he "has likely violated Company policies and is associated with matters that are under investigation."
Ongoing Investigation and Lawsuits: The DOJ Antitrust Division and attorneys general of 19 states and the District of Columbia are currently investigating an alleged antitrust conspiracy in the packaged ice industry. Over 70 class action lawsuits have been filed against Reddy Ice, Home City Ice, and Arctic Glacier for alleged price-fixing. In addition, Kotchen & Low LLP has filed an action on behalf of Marty McNulty, alleging that he was fired and blackballed for his refusal to participate in the unlawful conspiracy. Recent media coverage of Kotchen & Low LLP's lawsuit includes an interview on CBC radio, an article in the Detroit Free Press, and an interview on NPR.
Commentary: While the suspension of the Reddy Ice executive does not constitute an admission of guilt, it suggests that the internal committee was troubled by what they learned about the executive's actions.
Related posts: Kotchen & Low LLP Sues Packaged Ice Manufacturers on Behalf of Former Party Time Ice Executive Martin McNulty;
Considerations for Individuals Who Refuse to Participate in Illegal Business Practices;
Incentives and Disincentives for Insiders Who Expose Unlawful Cartels;
Revelations of DOJ Antitrust Investigation Lead to Over 70 Class Action Lawsuits Against Ice Manufacturers.