$140 Million Cathode Ray Tube Antitrust Litigation for Major Opt-Out Plaintiff
Tech Data Corporation
Representation of Tech Data Corporation, one of the world's largest distributors of technology products, services, and solutions, in the prosecution of claims against the major worldwide manufacturers of cathode-ray tubes (CRTs), the predecessor technology to LCD displays. The Bilzin Sumberg Antitrust team alleges that the CRT manufacturers conspired to raise prices and control production capacity of CRTs in violation of Section 1 of the Sherman Act, resulting in our client being unlawfully overcharged for products containing CRTs purchased over a 12-year period. Tech Data's case, in which it is seeking damages of over $140 million, is currently pending in the United States District Court for the Northern District of California as part of a nationwide MDL. Our team has played a significant role in shaping the course of this MDL litigation, including developing evidence regarding certain conspirators that nearly doubled the size of our client's claim.
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...