Zodiac Settles Antitrust Class Actions
San Diego – Nov. 24, 2014 – Zodiac® Pool Systems, Inc., has reached a settlement agreement with plaintiffs which, after court approval, will bring to a close Zodiac’s involvement in two class actions that resulted from an earlier FTC investigation alleging that PoolCorp had used its position as the largest distributor in the swimming pool products industry to limit competition. Zodiac settled this matter to avoid protracted litigation and the expense that results from antitrust lawsuits, even for defendants who ultimately prevail at trial.
Zodiac has denied all allegations of wrongdoing throughout this process and firmly contends that the allegations in these lawsuits are completely baseless. PoolCorp resolved the FTC’s investigation without admitting any wrongdoing and neither Zodiac nor any other pool product manufacturer was accused of any wrongdoing by the FTC.
After the FTC complaint became public, plaintiffs’ lawyers, predictably, filed class actions against PoolCorp on behalf of dealers and consumers alleging violations of federal antitrust laws and various state unfair competition statutes. These complaints were later amended to include the three largest pool and spa equipment manufacturers, Zodiac Pool Systems, Inc., Pentair® Water Pool and Spa, Inc., and Hayward® Industries.
Chief Executive Officer for Zodiac Pool Solutions, S.A.S. Bruce Brooks says, "Zodiac was not the focus of this litigation and the allegations against Zodiac contained in these complaints are without merit. By reaching this settlement, we are able to put this matter behind us and move forward without distraction, fully focused on the customers we serve, thus growing our business and our industry."
About Zodiac Pool Systems, Inc.
Zodiac Pool Systems, Inc., a subsidiary of Zodiac Pool Solutions, S.A.S., is a global leader in swimming pool and spa products and services. The company’s comprehensive product lines are marketed under the leading brand names of Zodiac®, Polaris®, Jandy® Pro Series, Nature2®, and Cover-Pools®. Zodiac is the leading provider of premium, innovative pool and spa products and is committed to designing and producing the most energy efficient, earth-friendly pool products and systems available. To learn more about Zodiac, visit www.zodiacpoolsystems.com or call 800-822-7933.