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Tag Archives: class action

Section 1 Claims Dismissed in LIBOR, TIBOR Class Action

Posted in Private Litigation

On March 28, 2014, Judge Daniels of the Southern District of New York dismissed antitrust and unjust enrichment claims against over 20 banks accused of manipulating prices in the Euroyen interbank lending market by submitting false rate quotes to Yen-LIBOR and Euroyen TIBOR rate-setting organizations.  Laydon v. Mizuho Bank, Ltd., No. 12-cv-3419 (S.D.N.Y. Mar. 28, [...]

Antitrust Class Action Against Graco Inc. Dismissed

Posted in Private Litigation

On March 11, 2014, Judge Ann Montgomery of the District of Minnesota dismissed a putative antitrust class action against Graco Inc. and its distributors that accused Graco of buying two of its closest competitors in the spray foam equipment market for the purposes of raising prices and reducing product options.  Insulate SB Inc. v. Abrasive [...]

Class Actions in Italy: Milan Court of Appeal Adopts Wider Interpretation of Admissibility

Posted in Italian Developments

On 3 March 2014, the Milan Court of Appeal overturned a previous decision issued by the Milan Tribunal, declaring a class action brought by an Italian consumers association, Altroconsumo, against local railway operator Trenord as non-admissible. On 8 November 2013, the Milan Tribunal had dismissed the class action started by Altroconsumo on the grounds inter [...]

Cathay Pacific Airlines Settles Freight Shipping Price-Fixing Class Action

Posted in Private Litigation

On February 12, 2014, Cathay Pacific Airlines Ltd. settled a freight shipping price-fixing multidistrict class action litigation in the Eastern District of New York.  In re Air Cargo Shipping Services Air Cargo Antitrust Litigation, case number 1:06-md-01775.  The Hong Kong-based airline agreed to pay consumers of air-freight shipping services $65 million in the settlement.  After [...]

Court Certifies Class in Hospital Merger Antitrust Lawsuit

Posted in Mergers & Acquisitions, Monopolization/Abuse of Dominance, Private Litigation

On December 10, 2013, Judge Edmond Chang of the Northern District of Illinois certified a class of plaintiffs who filed a proposed class action against NorthShore University Health System (formerly Evanston Northwestern Healthcare) on behalf of all end-payors who purchased inpatient and outpatient healthcare services directly from NorthShore. In 2000, Evanston Northwestern acquired rival Highland [...]

Liberalizations Decree: Main Relevant Changes and Powers of the Italian Competition Authority

Posted in Italian Developments, Mergers & Acquisitions

by Veronica Pinotti and Martino Sforza.  The main developments in antitrust are: 1. Merger Control (Art. 5-bis) From January 1, 2013: The Italian merger control thresholds will be cumulative and no longer alternative (i.e. the combined turnover in Italy of all undertakings concerned exceeds € 468 million AND the Italian turnover of the target exceeds € [...]