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Expert Analysis

Standard Fire Will Uniquely Impact Antitrust Class Actions

Law360, New York (April 3, 2013, 12:08 PM EDT) -- On March 19, 2013, the U.S. Supreme Court held in Standard Fire Ins. Co. v. Knowles that named plaintiffs in class actions could not, before class certification, avoid going to federal court by stipulating to a cap on damages. Although Standard Fire was not an antitrust case, the decision will uniquely impact antitrust class action cases because the removal of state law claims to federal court for coordinated proceedings in a single court is critical to an antitrust defendant's ability to avoid duplicative damage awards and to reduce the notoriously high costs of antitrust discovery....

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