Packaged ice company Tinley Ice, as well as former president Harold M. Teehan III and current president Timothy Teehan, were charged in an anti-trust lawsuit filed by the Illinois Attorney General's Office.
The Teehans, who both live in Tinley Park, were the only individuals named in the suit, which also named three other packaged ice companies, alleging they conspired to divvy up markets, trade customers, share pricing information, discuss price increases and engage in other anti-competitive actions that drove up ice prices, in violation of the Illinois Antitrust Act.
“My office will not allow for illegal conspiracies that effectively penalize consumers both on price and service,” Attorney General Lisa Madigan said in a press release Wednesday. “These companies circumvented market forces to maximize profits at the cost and detriment of their customers. They will be held accountable for their actions.”
The suit, filed in Cook County Circuit Court on Tuesday, said Tinley Ice and three other companies -- Lang Ice Co. of Chicago, Home City Ice of Cincinnati, Ohio, and Sisler’s Dairy and Products, Inc., of Ohio, Ill. -- began working together in 2003, after Crystal Clear Ice went out of business and transfered all its customers to Home City Ice.
Tinley Ice is currently headquartered out of University Park, Ill. The old Tinley Ice building by the downtown Metra station .
This story will be updated through the day as it develops.