After more than five years of uncertainty, the Florida Supreme Court reversed course and announced the Daubert standard will now govern the admissibility of expert testimony within the Florida court system, replacing the Frye standard. See In Re: Amendments to the Florida Evidence Code, No. SC 19-107, May 23, 2019. Courts apply strict rules on…
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Infotech Consulting’s Analyses Instrumental in Steel Class Case with $193.9 Million in Settlements
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…
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Final Disposition in Air Cargo price fixing case – $1.25 billion in total settlements
Plaintiffs brought suit in 2006 after the US Department of Justice and the European Commission initiated investigations into the air cargo industry. The alleged conspirators took part in meetings and other communications to determine and set air cargo rates that airlines should charge for various routes. The airlines then imposed the agreed upon rates and…
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Team Infotech assists in verdict in Polyurethane antitrust litigation – approximately $1 billion recovered by plaintiffs
Plaintiffs brought suit in 2008 against urethane chemical makers accusing the manufacturers of conspiring to fix prices of polyether polyol products that are used in, among other applications, urethane foam. Infotech Consulting was hired to calculate damages to Plaintiffs due to the illegal price-fixing scheme. Four Defendants in the class action case settled before trial….