November 8, 2024
Cohen Milstein Sellers & Toll PLLC and Quinn Emanuel Urquhart & Sullivan LLP on Nov. 5 secured a plaintiff-side victory for Pacific Steel Group in California when a federal jury delivered a $110M antitrust verdict against Texas rebar giant Commercial Metals Co. after just three hours of deliberation.
Following a three-week trial, the jury sided with the San Diego-based steel fabricator’s accusations that CMC pushed micromill-maker Danieli Corp. into a three-year exclusivity contract to stop it from developing most rival mills within 500 miles of CMC’s since-shuttered mill in a California town near San Bernardino.
PSG won $74 million in lost profits related to its mill operations, $12.9 million in lost rebar transportation savings, $10.8 million in lost fabrication cost savings and $12.28 million to account for the increased costs to purchase the mill due to inflation.
PSG was represented by William C. Price of Quinn Emanuel Urquhart & Sullivan LLP and Benjamin D. Brown, Daniel McCuaig, Nathaniel D. Regenold, Jared Dummitt, and Daniel A. Small of Cohen Milstein Sellers & Toll PLLC.