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Baker Botts Antitrust Team Delivers Significant Victory for Philips in Massive CRT Cartel Case

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WASHINGTON, August 22, 2016 - A Northern District of California judge on Monday granted summary judgment in favor of Firm client Philips in a massive Multidistrict Litigation antitrust suit alleging that Philips and other cathode ray tube (CRT) manufacturing companies conspired to fix the prices of CRTs across the globe from 1995 through 2007. The ruling effectively cuts off liability for the moving Philips entities as of the 2001 withdrawal date. Judge Tigar’s August 22nd decision also ruled on four other CRT defendants’ withdrawal motions, with only Philips securing a complete victory on all arguments. 

Baker Botts partner Erik Koons, the Philips counsel who argued the motion on February 9, 2016, said of the decision: 

“The Court’s decision establishes, as we have maintained since the inception of the suit, that the Philips entities here were miles away from the alleged conduct with the divestiture of the CRT manufacturing and sales assets in 2001.” 

“The plaintiffs’ attempt to straddle these Philips entities with liability based on some other parties’ alleged conduct simply does not hold water. We have asserted this all along and the Court’s careful analysis validates this position.” 

“The Court’s decision is based on solid law and common sense. Philips, who was not manufacturing, marketing, or selling CRTs after 2001, was appropriately vindicated by the Court’s decision today. Plaintiffs’ efforts to confuse the withdrawal standard by asserting Philips’ post-withdrawal liability based on other parties’ alleged conduct appropriately failed.”

To schedule an interview, please contact Sheena Hedjazi

 

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