A Proven Record in Price-Fixing and Anticompetitive Conduct Cases
Pearson, Simon & Warshaw, LLP (PSW) has been at the forefront of some of the largest antitrust cases
on behalf of consumers. Strategically located in Los Angeles and San Francisco,
our sophisticated law firm has been engaged as lead or co-lead counsel
in ground-breaking, high-profile class actions alleging price fixing and
other anticompetitive practices in the high technology, finance and other
We seek justice for ordinary consumers or businesses that are the ultimate
victims when manufacturers and multinational conglomerates conspire to
fix the prices of products, components or commodities, or restrain competition
in various markets. PSW has secured multi-million dollar settlements and
verdicts in a wide range of antitrust actions.
If you have an antitrust case or believe you qualify as a member of a pending
antitrust class action, call us toll-free at
(877) 391-8300 or
send an email.
Current Antitrust Cases
Credit Default Swaps Trading: PSW attorneys have been appointed as interim co-lead counsel, along with
Quinn Emanuel Urquhart & Sullivan, LLP, in a multidistrict class action
arising from antitrust violations in the trading market for credit default
swaps (CDS). The case alleges that some of the largest banks and financial
institutions in the world conspired to restrain trade and eliminate competition
in the CDS market in order to artificially inflate and maintain the transaction
costs of CDS trading. Prior to being appointed as interim co-lead counsel
by Judge Denise Cote of the Southern District of New York, PSW attorneys
conducted an extensive over two-year investigation into the CDS market,
and secured a role in a competitive, nationwide search as legal counsel
for one of the largest county retirement systems in the United States,
the Los Angeles County Employees Retirement Association (LACERA).
Lithium Ion Batteries:
PSW attorneys currently serve as interim co-lead counsel for direct purchaser
plaintiffs in a multidistrict class action arising from the price-fixing
of lithium ion batteries. The case involves allegations of collusive activity
by a cartel made up of the world's largest manufacturers of lithium
ion batteries, which are used in everything from cellular phones to cameras,
laptops and tablet computers. PSW filed one of the earliest cases on behalf
of direct purchasers and successfully argued before the Joint Panel on
Multidistrict Litigation for consolidation of the cases in the Northern
District of California. PSW, along with its co-counsel, organized a leadership
structure of three firms, winning appointment by Judge Yvonne Gonzalez
Rogers as co-lead counsel for the putative class of direct purchasers
on May 17, 2013.
Credit Card Interchange Fees:
PSW attorneys represent several large, national retailers who have opted
out of a class action settlement in a multidistrict case arising from
anticompetitive conduct in the credit and debit card markets. The case
alleges that Visa, MasterCard and their member banks conspired to fix
the levels of default interchange fees and enforced other merchant restraints
upon merchants who accept Visa and MasterCard payment cards. Many believe
that this is the largest antitrust case in United States history, and
it involves complex procedural, economic and antitrust issues.
for more information about these and other pending antitrust cases.
Antitrust Success Stories
PSW attorneys have held leadership roles in numerous national and multi-national
antitrust cases, and have obtained substantial recoveries for their clients:
In re TFT-LCD (Flat Panel) Antitrust Litigation. PSW served as co-lead counsel for the direct purchaser plaintiffs in
this multidistrict litigation arising from the price-fixing of TFT-LCD
panels. PSW helped secure over $405 million in settlements before trial,
and then obtained a jury verdict of $87 million before trebling against
the sole remaining defendant in the case, Toshiba Corporation and its
related entities. PSW later settled with Toshiba and AU Optronics to bring
the total to $473 million in settlements.
In re Potash Antitrust Litigation (No. II)
. PSW served as interim co-lead counsel for the plaintiffs in this multidistrict
litigation arising from the price-fixing of potash sold in the United
States. PSW partner Bruce L. Simon argued before an
en bancpanel of the Seventh Circuit Court of Appeals and obtained a significant
8-0 decision affirming the district court's denial of Defendants'
motion to dismiss. On June 12, 2012, the Court approved a $90 million
class settlement on behalf of the direct purchaser plaintiffs.
In re Dynamic Random Access Memory (DRAM) Antitrust Litigation. PSW partner Bruce L. Simon served as co-chair of discovery and as a member
of the trial preparation team in this multidistrict litigation arising
from the price-fixing of DRAM, a form of computer memory. Shortly before
the scheduled trial, class counsel reached settlements with the last remaining
defendants, bringing the total value of the class settlements to over
In re Methionine Antitrust Litigation. PSW partner Bruce L. Simon served as co-lead counsel in this nationwide
antitrust class action involving a conspiracy to fix prices of, and allocate
the markets for, methionine, an animal feed supplement. This action resulted
in over $100 million in settlement recovery for the Class.
In re Citric Acid Antitrust Litigation. PSW partner Bruce L. Simon served as class counsel in antitrust class
actions against Archer-Daniels Midland Co. and others for their conspiracy
to fix the prices of citric acid, a food additive product. This proceeding
resulted in over $80 million settlements for the direct purchasers.
What Is Antitrust Litigation?
The Sherman Antitrust Act, California's Cartwright Act and Unfair Competition
Law and other state and federal laws make it illegal for companies to
agree to fix prices or to squeeze out competitors to create a monopoly
or cartel. Directly or indirectly, businesses and consumers are hurt in
the form of artificially high prices. Litigation often arises from Department
of Justice or European Commission investigations into antitrust violations.
A civil antitrust lawsuit seeks monetary damages — triple the amount
of the defendants' illicit gain.
What Is a Class Action?
A class action is a lawsuit brought by one or more individuals, commonly
referred to as "class representatives," on behalf of a larger
group, or "class," of individuals who have similar claims. The
purpose of a class action lawsuit is to combine numerous claims of individuals
into one action brought before a single judge to seek a legal remedy for
all members of the class.
Qualified and Proven
Antitrust litigation is exceedingly complex, involving many millions of
documents, extensive motion practice and many depositions. PSW has a sophisticated
understanding of both the technological and economic principles of these
complicated cases, and the ability to coordinate the consolidated claims
of thousands of plaintiffs.
To learn how our antitrust attorneys can help you, or to discuss a possible
antitrust claim, please
contact us online or call us for a
free initial consultation at