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.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 650 lawyers practicing throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.