October 28, 2024
Commercial Metals Co.’s ex-CEO conceded during a federal antitrust jury trial Monday that the Texas rebar giant pushed micromill-maker Danieli Corp. into a “hands-off California” exclusivity provision barring Danieli from developing most Golden State rival mills days after discovering Pacific Steel Group was planning to build a mill in Southern California with Danieli.
Barbara Smith’s testimony came during the second week of a jury trial that kicked off Oct. 22 in Oakland, California, in a high-stakes antitrust lawsuit that San Diego, California-based steel fabricator PSG first launched in October 2020, which was two months after Danieli reneged on plans to work with PSG to develop a new mill north of Los Angeles.
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Pacific Steel Group is 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.
Read Rebar Giant Pushed ‘Hands-Off Calif.’ Deal, Antitrust Jury Told.