Fine, Kaplan and Black, R.P.C.
IN RE URETHANE ANTITRUST LITIGATION
Since 2004, Fine, Kaplan and Black has served as co-lead counsel in the Urethanes Antitrust Litigation, an antitrust class action alleging price-fixing of certain urethane chemical products by five leading manufacturers -- Dow, Bayer, BASF, Hunstman and Lyondell.
After eight years of litigation and a four-week trial in early 2013, Plaintiffs' Trial Team obtained a jury verdict in excess of $400,000,000 against Dow. In May, 2013, the Court entered judgment for $1.06 billion after trebling -- the largest antitrust judgment in 2013 and the largest price-fixing verdict ever. In September 2014, the Tenth Circuit affirmed the judgment.
In February 2016, while Dow's Petition for Certiorari was pending in the Supreme Court of the United States, Plaintiffs' co-lead counsel reached an $835 million settlement with Dow.
As the District Court recognized, "counsel achieved incredible success on the merits of the claims, earning a verdict of over $400 million that would be trebled and eventually obtaining settlements totaling over $974 million (much more than double the amount of damages) ... In almost 25 years of service on the bench, this Court has not experienced a more remarkable result." In re Urethane Antitrust Litig., No 04-1616, 2016 WL 4060156, at *4 (D. Kan. July 29, 2016) (emphasis added).