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PE Firm's $13M Deal In Chemical Price-Fix Suit Gets Initial OK

Law360 (May 14, 2019, 9:12 PM EDT) -- A New Jersey federal judge gave the initial go-ahead Tuesday to a $13 million deal between a chemical supplier’s parent company and public utilities suing it and dozens of others in multidistrict litigation for scheming to rig the price of a water treatment chemical.

With the order, American Securities LLC got one step closer to ending its three-year fight with the public utilities bringing the suit, but U.S. District Judge Jose L. Linares said he’ll be withholding final approval until a fairness hearing can be held.

The parties reached the $13 million cash settlement in April, one of several recent deals...

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Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

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New Jersey

Nature of Suit

Anti-Trust

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Date Filed

February 4, 2016

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