In one of the largest and most important antitrust litigations in U.S. history, the Firm joined with co-counsel to represent over 5 million U.S. merchants who alleged tying and monopolization claims against Visa and MasterCard. The Firm was retained to prepare the case for trial, playing the role of defense counsel in a one-week mock trial conducted before 40 “jurors” and assisting in witness preparation and jury selection for trial. The case settled on the eve of trial for $3 billion.
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Hagerman v. Socialist People’s Libyan Arab Jamahiriya
The firm recovered more than $40 million as part of historic $2.7 billion settlement with the government of Libya for the downing of Pan Am Flight 103 over Lockerbie, Scotland. This litigation created the terrorist exception to the Foreign Sovereign Immunity Act (FSIA).