Opinion Will Likely Lead to Decrease in Class Certifications in Antitrust Class Actions – Andrew Friedman

    View Contact / News

    DC Partner Andrew Friedman commented on a decision by a federal appeals court to vacate a class certification after claiming that the lower court did not review sufficient evidence before identifying shippers that may have been damaged by an alleged freight railroad price-fixing conspiracy. Mr. Friedman told Thomson Reuters’The Knowledge Effect” blog that the “win” was “very significant” for railroads, especially as it “cast very grave doubts on a damages theory the plaintiffs have embraced and relied on.” “Opinions like this one,” said Mr. Friedman “will very likely result in an initial decrease in the number of class certifications in antitrust class actions, and ultimately, more work and perhaps different approaches to the way plaintiffs define classes and develop damages models in antitrust class actions,” he added.

    Press Contacts

    Angelo Kakolyris +1 212 407 0148