Remarkable Recovery for Opt-Out Plaintiffs in LCD Antitrust Litigation

Opt-Out Plaintiffs

Prosecution of claims of Tech Data Corporation and other major opt-out plaintiffs in the precedent setting LCD price fixing antitrust litigation. Actions filed throughout the country became part of a nationwide Multi-District Litigation (MDL) before the United States District Court for the Northern District of California that was one of the largest antitrust cases in United States history. We alleged that LCD manufacturers conspired to raise prices and control production capacity of LCD panels in violation of Section 1 of the Sherman Act. By successfully raising factual and legal issues for the first time in the MDL, including legal arguments that have never been made before in any antitrust case, we produced extraordinary results. Our clients recovered in excess of $300 million, which represents over 200% of the clients' single damages and more than five times the recovery achieved by the class.

Representation of B piece and special servicer clients, handling in excess of $130billion in 2.0 CMBSsecuritizations.
Representation of an energy company in its $9.45 billion all-cash acquisition of another energy company, resulting in the creation of the largest utility holding company in the United States.
Handled the sale of over 2,000 REOs, with aggregate purchase prices in the billions of dollars, through both the negotiation and closing of individual sales and the structuring and sale by auction of multiple properties. The largest was approximately $216 million, which was the sale of a major hotel...