Litigation
Nov. 15, 2016
Judge vacates $44M antitrust verdict, citing new 9th Circuit precedent
A business is not liable for anticompetitive behavior if it profits immediately, a federal judge reasoned.
Daily Journal Staff Writer
A $44 million verdict against a cigarillo manufacturer was dismissed last week by a Santa Ana federal judge.
The surprise post-trial defense victory last week was made possible by a September decision in another case from the 9th U.S. Circuit Court of Appeals, which narrowed the definition of attempted monopoly to acts "where the only conceivable rationale or purpose...
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