Price Fixing and Other Conspiracy Claims
- In In Re: Automotive Parts Antitrust Litigation, a Susman Godfrey partner is co-lead counsel for a class of end payor plaintiffs in this complex series of antitrust cases brought against dozens of automobile suppliers who engaged in price-fixing and bid-rigging in the multi-billion-dollar automotive parts industry. This massive multi-district litigation is related to a criminal investigation which the U.S. Department of Justice’s (DOJ) described as the largest antitrust investigation in history. To date, the end payor plaintiffs have secured settlements totaling over one billion dollars with the case ongoing.
- In In Re: Animators Antitrust Litigation, Susman Godfrey is lead counsel representing a class of animation employees in this antitrust action against the largest animation companies, including Disney, Pixar, Lucas Films, DreamWorks, and Sony. The Court certified the class in 2016 and in 2017, over $168 million in settlements were secured which translates before fees and costs, into an average gross recovery for each of the approximately 10,043 class members of $16,823.
- Susman Godfrey currently represents a nationwide class of egg purchasers asserting that egg producers conspired to raise prices by reducing output. Over $135 million in settlements have been obtained to date.
- Susman Godfrey is on the steering committee for a nationwide antitrust class action brought against the world’s largest manufacturers of lithium ion batteries – which power virtually every laptop computer, cell phone, smartphone, digital music player (e.g., iPods), tablet device (e.g., iPads), digital camera and camcorder, and cordless power tool used today. The suit alleges that the defendants engaged in a long-running conspiracy over more than a decade to unlawfully fix, raise and stabilize prices. The matter is valued at hundreds of millions of dollars.
- In In re: Libor-based Financial Instruments Antitrust Litigation, Susman Godfrey represents plaintiffs who allege several banks were involved in setting LIBOR and manipulating it to their advantage. Since that time a multitude of lawsuits have been consolidated as part of a multidistrict litigation proceeding. Thus far, $590 million in settlements have been secured: in 2015, Barclays PLC agreed to pay $120 million to settle these allegations while in 2017, Citigroup agreed to settle with plaintiffs for $130 million. In 2018, Deutsche Bank agreed to pay $240 million and HSBC agreed to settle for $100 million. These settlements are all combined with breakthrough agreements with the defendant banks to cooperate with plaintiffs in the ongoing LIBOR litigation.
- Between 2008 and 2015 Susman Godfrey represented a class of plaintiffs who alleged price-fixing in the municipal bond industry. In July 2016, a federal judge gave final approval for settlements totaling $100 million between the plaintiffs and six defendants including Societe Generale, National Westminster Bank and UBS, a deal that leaves only those who opted out of the class to litigate the seven-year-old case.
- In December 2013, Susman Godfrey attorneys secured $86 million in settlements (approximately $62 million after fees and expenses) when serving as co-lead counsel in litigation involving more than 70 class action cases on behalf of airline passengers who alleged that between January 1, 2000 and August 1, 2007, Korean Air Lines and Asiana Airlines conspired to fix the price of air travel between the United States and the Republic of Korea. The lawsuit asserted that the two airlines, in violation of federal antitrust laws, participated in meetings, conversations and communications during which they agreed to establish artificially high prices for air passenger travel.
- In 2013, in the first-ever case where Chinese companies were successfully sued under U.S. antitrust law, Susman Godfrey was co-lead counsel for the plaintiffs and secured more than $32 million in settlements on behalf of direct purchasers of vitamin C against three Chinese vitamin manufacturers. The district judge overseeing the case said he “can’t imagine a more complex action” and “as to the quality of the plaintiffs’ representation, I really can’t say enough. I think this case was handled as good as it gets.”
- SG currently represents T-Mobile USA, the Liquidating Trust of Circuit City Stores, and the Syntax-Brillian Liquidation Trust in private civil actions alleging price-fixing of TFT-LCD panels from 1996 through 2006. The defendants were foreign manufacturers of TFT-LCD panels and products containing those panels.
- Susman Godfrey was co-lead class counsel and obtained a federal jury verdict in Washington D.C. against four defendants, Mitsui & Co. of Japan, Mitsui USA, DCV, Inc. and DuCoa L.P., who were found to have participated in a global conspiracy to allocate world markets and fix the price of vitamin B4 during the ten year period from 1988 to 1998. The 11-member jury unanimously awarded our clients, a class of direct purchasers of vitamin B4, $49.5 million in damages before trebling and attorneys’ fees.