The Infotech Consulting team, led by Dr. Jim McClave, provided econometric damages analysis to a large, national class of steel purchasers, alleging violations of the U.S. antitrust laws by several of the world’s largest steel manufacturers. Based on millions of sales transactions from thousands of customers, Infotech Consulting conducted damage analyses in support of the class. After years of litigation, the U.S. District Court granted class certification in September 2015 to over 5,500 direct purchasers of steel products. Settlements have been reached with all Defendants, totaling $193.9 million.
In re: Steel Antitrust Litigation, No. 08-cv-0514 (US District Court for the N.D. of Illinois)