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National Law Journal Names $156 Million Antitrust Jury Verdict As #5 Overall Largest Plaintiff Verdict of 2014

The National Law Journal has named Yetter Coleman’s recent $156 million antitrust jury verdict as the  largest antitrust verdict in the country, in its 2014 “Big Money Wins” list.  The ranking reflects the top 50 national plaintiff wins by dollar value of the jury verdict awards reported by Verdict Search. Our win is the #5 verdict overall.

In March 2014, a Texas federal court jury ruled for Houston-based steel distributor, MM Steel, LP, which had alleged that several large steel companies colluded in an illegal boycott against it in 2011. Following a six-week trial, the jury in U.S. District Court Judge Kenneth M. Hoyt’s court ruled for MM Steel, finding defendants Nucor Corp., Reliance Steel & Aluminum Co., American Alloy Steel Inc., and JSW Steel (USA) Inc. violated antitrust laws.  The federal court rejected the defense post-trial motions and entered judgment for our client in the amount of $156 million.  In October 2014, the Fifth Circuit, in a published opinion, rejected JSW Steel’s argument that Texas law governing supersedeas bonds should apply in this case under Federal Rule of Civil Procedure 62(f).

MM Steel is represented by Paul YetterMarc TabolskyBryce CallahanDoug GriffithWyatt Dowling,  and Jane Ray of Yetter Coleman LLP, Mo Taherzadeh of the Taherzadeh Law Firm, and Tate Young of the Tate Young Law Firm.