EI News and Notes

Paul Godek Joins EI

Paul E. Godek recently joined EI’s Washington DC office. Dr. Godek has 30 years of experience in litigation consulting – in the areas of antitrust, class certification, commercial damages, and securities fraud. Dr. Godek also served at both the federal antitrust agencies. He was the Economic Advisor to the Director of the Bureau of Competition at the Federal Trade Commission. Prior to that, he was a staff economist with the Antitrust Division of the Department of Justice.

Jury Rejects Direct Purchaser Class Action Claims

A jury in the United States District Court for the Eastern District of Pennsylvania found that egg producers were not liable for allegedly restricting supply and raising prices in the purported “U.S. commodity, shell egg market.” EI President Jonathan Walker testified on behalf of the defendants regarding the procompetitive benefits of the challenged conduct, absence of injury to competition, and lack of proof of damages. Porter Wright Morris & Arthur LLP, Keating Muething & Klekamp PLL, Stevens & Lee, and Dechert LLP represented the defendants.

Study on Music Industries

EI Principal Stephen E. Siwek recently authored a study, “The U.S. Music Industries: Jobs & Benefits.” This study examines the economic footprint of the United States music industry as a whole, including businesses like music publishing, internet and radio listening platforms, instrument manufacturing, musicians and music teachers, agents, concert promoters, and many others.

Shareholder Class Certified

The Court of Common Pleas of Cuyahoga County, Ohio recently certified a shareholder class in a case alleging that Centerior Energy Corporation provided incorrect shareholder information from 1986 through 1993 which harmed shareholders. EI Vice President John M. Gale provided testimony for the class. Plaintiffs were represented by Zagrans Law Firm, LLC; Gary, Naegele & Theado, LLC; Cohen Milstein Sellers & Toll, PLLC; and, Dennis P. Barron, Esq.