Nicomedes Sy Herrera represents clients of the Joseph Saveri Law Firm on a broad range of complex, high-impact business and trade disputes, with a particular focus on major antitrust actions. Representative matters include:
- Capacitors Price-Fixing: The firm is Sole Lead Counsel in a class action lawsuit alleging that global capacitor manufacturers conspired to fix prices, forcing direct purchasers to pay more. In January 2017, the Court approved an initial partial settlement of direct purchaser plaintiffs’ claims against five of 22 corporate defendant families for $32.6 million. The case is ongoing against the remaining defendants.
- Generic Drug Price-Fixing: The firm is on the Plaintiffs’ Steering Committee representing U.S. consumers and insurers in a multidistrict antitrust litigation accusing a large number of generic drug manufacturers with conspiring to fix and raise prices for 18 generic medications. In the past few years, prices for these drugs have skyrocketed by more than 1,000 percent. Consumers blame the companies for engineering these price hikes, eliminating the benefits of competition, and forcing them to pay exorbitant prices. The firm is also currently investigating many other generic drugs for potential class action claims.
- Nomlaki Indians Litigation: The firm is Co-Lead Counsel in a lawsuit filed on behalf of the Paskenta Band of Nomlaki Indians against former tribal officials, alleging that certain former tribal officials and others formed and operated a RICO enterprise to loot tens of millions of dollars in tribal moneys that were ultimately used for their own personal benefit.
- Qualcomm Antitrust Litigation: The firm represents Apple iPhone and iPad direct purchasers in a class action lawsuit against electronics manufacturer Qualcomm Inc. The suit alleges that Qualcomm inflated the prices plaintiffs paid for Apple iPhones and iPads by violating patent licensing agreements and illegally maintaining a monopoly in the market for baseband processors.
Prior to joining the Joseph Saveri Law Firm, Nico practiced at the Manhattan offices of major international law and U.S. firms—including Torys LLP and Lowentein Sandler PC—representing and defending Fortune 100 clients. He has successfully litigated matters involving securities fraud, major contract disputes, theft of trade secrets, financial and accounting fraud, corporate governance, employment litigation, misappropriation of intellectual property, and white collar crime. He also pursued a series of class and derivative actions on behalf of injured investors against financial asset managers for claims worth over $1 billion. Early in his appellate career, Nico successfully briefed and argued the seminal Harrison v. Barkley litigation that clarified the scope of Eighth and Fourteenth Amendment due process protections.
Nico has successfully pursued and defended cases from pre-trial investigations through the appellate process. He has practiced before federal and state trial and appellate courts throughout the United States, including California, New York, Delaware, New Jersey, Pennsylvania, Ohio, Missouri, Tennessee and Alabama. He has handled appeals before the intermediate and highest state appellate courts in many states, and before the United States Court of Appeals for the Second, Third, Sixth, Seventh, Eighth and Ninth Circuits. He is also an experienced advocate before non-judicial tribunals and has successfully represented business clients in international and domestic arbitrations.
Nico is active in charitable work. He is a founder, and continues to serve on the board, of a publicly-supported charitable foundation. He also organized and co-leads a committee of lawyers to establish the Pope Francis Legal Help Center in Oakland, where he continues to volunteer on a pro bono basis.