In an antitrust matter arising under Section 1 of the Sherman Act, the district court granted defendants’ motion for summary judgment on statute of limitations grounds, despite plaintiffs’ argument that the statute of limitations period should be tolled under the doctrine of fraudulent concealment. The U.S. Court of Appeals for the Third Circuit affirmed this
Julie Pechersky
District Court Grants Leave to Add New Geographic Market to Antitrust Complaint
Plaintiffs, Newmarket Corporation, and defendants, Innospec, Inc., both produce and sell competing chemical fuel additives designed to enhance the performance of gasoline. Plaintiffs claimed that defendants bribed Iraqi and Indonesian government officials to help defendants achieve, maintain and exploit their monopoly of these fuel additives.
Plaintiffs filed a motion to amend their complaint, claiming that…
District Court Grants Defendants’ Motion to Dismiss Securities Fraud Claim
Co-authored by Jonathan Rotenberg
A district court granted defendants’ motion to dismiss plaintiffs’ claim for securities fraud on the ground that the complaint failed to plead fraud with particularity, as required by the Private Securities Litigation Reform Act of 1995 (PSLRA).
In September 2009, individual defendants allegedly represented to plaintiff Dupont, then president and chief…
District Court Dismisses Antitrust Claim Against Direct Broadcast Satellite Television Provider
Co-authored by Jonathan Rotenberg
Plaintiff, a major direct broadcast satellite (DBS) television provider and holder of seven registered trademarks and service marks incorporating the word “DISH,” brought an action against defendants alleging that defendant Dish 1 Up, a retailer of another major DBS provider, operates call centers using a “confusingly similar phone number” to plaintiff’s…
Ninth Circuit Holds Assertion of Counterclaim Does Not Waive Improper Venue Defense
Co-authored by Jonathan Rotenberg
Investors filed a complaint in the U.S. District Court for the District of Arizona against the former president and CEO of a corporation that no longer had any assets, his wife, and the company’s former securities counsel. Defendants filed answers that included an affirmative defense of improper venue premised on the…
Motion to Dismiss Consumer Protection Claims Denied
Co-authored by Jonathan Rotenberg
Plaintiffs brought claims against defendant, a satellite digital audio radio service provider (SDARS), alleging that the 2008 merger of defendant’s predecessors created a monopoly in the surviving company and violated federal antitrust laws and various state consumer protection laws, among other things.
The complaint alleges that defendant now controls 100% of…
Civil RICO Complaint Based on Alleged Diamond Scheme Dismissed
Co-authored by Brian Schmidt
The U.S. District Court for the Southern District of Florida dismissed a civil Racketeer Influenced and Corrupt Organizations Act complaint based on a series of investments made with a group of India-based companies.
Plaintiffs made 35 investments with two corporations related to the defendants between May 2007 and March 2009. According…
Veil Piercing Allegations Insufficient in Breach of Contract Case
Co-authored by Brian Schmidt
The U.S. District Court for the District of Massachusetts granted a motion to dismiss in a breach of contract and promissory estoppel case, ruling that plaintiff failed to plead the requisite justification for piercing the corporate veil of the defendants.
Plaintiff, TechTarget Inc., provided advertising services pursuant to a contract with…
Motion to Dismiss Claims for Infringing Use of Photographs Granted in Part and Denied in Part
Co-authored by Jonathan Rotenberg
The U.S. District Court for the Southern District of New York granted in part and denied in part copyright infringement claims brought by plaintiff, a professional photographer, against a publisher of textbooks and other related educational materials, alleging that defendant exceeded its licenses to use plaintiff’s photographs in its publications.
Defendant…
Scienter Inadequately Pled Under the Standard Set Forth in the PSLRA
Co-authored by Jonathan Rotenberg
The U.S. District Court for the Southern District of Indiana dismissed plaintiff’s securities fraud action against a nationwide health care benefits provider, and its officers and directors, in which plaintiff alleged that defendants artificially inflated the price of the stock by making certain false and misleading statements.
Specifically, plaintiff alleged that…