Linens Antitrust Litigation


30,000

Class Members

$9,300,000

Settlement Fund

10-03-2003

Date

Case Description


Class Plaintiffs alleged that the settling defendants participated in an unlawful conspiracy to allocate Linen Services customers and rig bids in the New York City Metropolitan area in violation of Section One of the Sherman Act. The defendants paid $6,354,441.25 in cash and $2,967,220 in freely transferable vouchers in the resulting settlement.

 

Counsel for Plaintiffs:

Robert N. Kaplan (Kaplan Fox & Kilsheimer LLP)

Gregory K. Arenson (Kaplan Fox & Kilsheimer LLP)

Linda P. Nussbaum (Kaplan Fox & Kilsheimer LLP)

Jason A. Zweig (Kaplan Fox & Kilsheimer LLP)

Susan R. Schwaiger (Kaplan Fox & Kilsheimer LLP)

Steig Olson (Cohen Milstein Hausfeld)

Shelly L. Friedland (Cohen Milstein Hausfeld)

 

Counsel for Defendants:

Barry J. Friedberg (Trachtenberg Rodes & Friedberg LLP)

Lawrence Kill (Anderson Kill & Olick, P.C.)

James M. Andriola (Anderson Kill & Olick, P.C.)

Lee H. Rubin (Mayer Brown Rowe & MAW)

Alan Levine (Cooley Godward Kronish LLP)

Jeffrey E. Gross (Cooley Godward Kronish LLP)  

 

Legal Documents

Settlement Agreement

Notice

Judge's Order

 

 

 

Court Information


Case #
Case Type
Antitrust
Court Type
District Court
Jurisdiction
Southern District of New York
Judge
Laura Taylor Swain
Industry

CCC Performance


CCC was hired by the Linen Defendants to act as the Voucher Consultant, Voucher Administrator and Market Maker.  Though the case involved seven different defendants, many of who were in varying stages of insolvency, CCC’s expertise in optimizing coupon markets resulted in a final voucher redemption rate of 93%, an exceptionally high redemption rate. CCC purchased Linen vouchers from all of the Linen plaintiff’s attorneys, resold those vouchers in the marketplace and conducted multiple auctions matching buyers and sellers of the vouchers. For more information, see our case study on the Commentary page.

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