(Reuters) Samsung Electronics Co Ltd and LG Electronics were accused of agreeing not to poach each other’s U.S. employees, according to a U.S. civil lawsuit filed last week, in what has become a familiar allegation in Silicon Valley.
The proposed class action, filed in a Northern California federal court by a former LG sales manager, accuses Samsung and LG of antitrust violations and driving down employee wages. The case is similar to one against Apple Inc, Google and other tech companies which settled last year for $415 million.
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You could say that antitrust law runs in Joe Saveri’s blood. Growing up, he spent many hours observing the law practice of his father and uncle, who were pioneers in some of the earliest and larg-est antitrust cases of the 1950s and 1960s. In college, Saveri studied economics, paving his path for the demanding anti-trust field that would later become his passion and his calling card. “Soon after I began my own legal prac-tice, it was clear to me that the antitrust field was an exciting place to be,” says Saveri, whose 25 years’ experience includes ground-breaking results involving price-fixing claims in the electrical components industry, nonpoaching agreements of employees in high-tech companies, and “reverse payment” agreements between pharmaceutical companies.
Experts Say Latest Reverse Payments Ruling Could Lead to High Court Action
In an opinion that could very well be a game-changer for drug companies involved in antitrust cases challenging the legality of patent litigation settlements, a federal judge Nov. 5 ruled that a 2013 U.S. Supreme Court holding doesn’t bar the door to testimony about the strength of the patent underlying a challenged settlement (King Drug Co. of Florence, Inc. v. Cephalon, Inc., E.D. Pa., No. 2:06-cv-01797-MSG, 11/5/15). Read the full article
On September 2, 2015, the Department of Justice filed a criminal information against NEC Tokin Corporation the U.S. District Court of the Northern District of California in San Francisco alleging its violation of Sherman Act Section 1 for fixing prices on electrolytic capacitors. NEC Tokin has agreed to plead guilty and pay a $13.8 million criminal fine for conspiring with competitors between 2002 and 2013 to fix prices for capacitors sold to customers in the United States and elsewhere.
The Joseph Saveri Law Firm named NEC Tokin as a defendant in the civil action In re Capacitors Antitrust Litigation (N.D. Cal. Case. No. 4:14-cv-03264-JD) in which Mr. Saveri serves as Interim Class Counsel for the Direct Purchaser Plaintiffs.
California Lawyer met with Daniel Asimow of Arnold & Porter; Maxwell Blecher of Blecher Collins Pepperman & Joye; Peter K. Huston of Sidley Austin; and Joseph Saveri of Joseph Saveri Law Firm. The roundtable was reported by Cherree Peterson of Barkley Court Reporters.
Without major federal antitrust rulings on deck this spring, our panel looked at where courts are heading in several areas of the law and how regulators abroad are enforcing antitrust rules.