The US District Court for the District of New Jersey allows bid-rigging claims concerning municipal tax lien auction to proceed (New Jersey tax sales certificates)

Antitrust Claims Survive Motions to Dismiss in the New Jersey Tax Lien Bid-Rigging Class Action* The plaintiffs’ antitrust claims in the New Jersey municipal tax lien auction bid-rigging class action may proceed, the federal judge presiding over the litigation has ruled. New Jersey municipalities hold public auctions of tax liens for unpaid property taxes. Each auction opens with the interest rate that the property owner must pay on the debt set at 18 percent. Subsequent competitive bids reduce the interest rate. The plaintiffs in In re New Jersey Tax Sales Certificates Antitrust Litigation, No. 12 Civ. 1893 (D.N.J.), are property tax debtors who allege that the individual and corporate defendants conspired

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  • Siemens (New York)
  • Patterson Belknap Webb & Tyler (New York)

Quotation

Deirdre McEvoy, George LoBiondo, The US District Court for the District of New Jersey allows bid-rigging claims concerning municipal tax lien auction to proceed (New Jersey tax sales certificates), 31 October 2014, e-Competitions October 2014, Art. N° 70351

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