Monument Economics Group Donates to Local Charities for the Holiday Season

In the spirit of holiday giving, Monument Economics Group made donations to three local charities on behalf of its business partners: So Others Might Eat in Washington, DC; Robin Hood Foundation in New York, NY; and Broad Street Ministry in Philadelphia, PA. All three organizations make a profound difference in their respective communities by combating homelessness, unemployment, mental illness, and poverty. Monument takes great pride in supporting charities who do such great work in our communities.

To learn more about these charities:

So Others Might Eat Robin Hood Foundation Broad Street Ministry

 

Dr. Russell Lamb Speaks at the American Antitrust Institute’s 2017 Airline Roundtable

Dr. Russell Lamb participated in a discussion surrounding competition in the airline industry today at the National Press Club in Washington, D.C. The discussion was a part of the American Antitrust Institute’s third annual Airline Roundtable. The roundtable discussion focused on issues of competition that are relevant to the current market such as: antitrust immunity, international competition, allegations of collusion, and the current challenges to competition and antitrust enforcement. Dr. Lamb was joined at the event by industry experts, government officials, and members of the legal industry.

Monument Economics Group makes a donation to the Red Cross to support the relief efforts for Hurricane Harvey

As Texas recovers from one of the worst hurricanes to hit the United States in recent history, Monument Economics Group is announcing a $1,000 donation to the American Red Cross to support relief efforts. Monument Economics Group is making this donation on behalf of our affiliates working in the Houston metropolitan area.

Catastrophic flooding from Hurricane Harvey has caused officials to declare a federal state of disaster.  The American Red Cross will provide assistance in the form of shelter, food, clean water and other life-saving essentials to those impacted by the storm.

Judge Cites Dr. Lamb’s Analysis in Certifying Class of Direct Purchasers of Gypsum Wallboard

In 2013, Plaintiffs filed a Consolidated Amended Complaint on behalf of a proposed class of direct purchasers of gypsum wallboard alleging price-fixing by Defendants. Counsel for the Plaintiffs retained Dr. Russell Lamb to analyze whether the co-conspirators engaged in a conspiracy to fix, maintain, or stabilize prices of gypsum wallboard; whether prices of gypsum wallboard were artificially inflated due to the alleged cartel; whether there was widespread payment of overcharges across the proposed class; and whether aggregate damages to the proposed class as a whole could be reliably computed using standard economic methods and analyses. Dr. Lamb filed two Expert Reports concerning class certification issues, two Expert Reports concerning liability and damages issues,* and one Supplemental Expert Report responding to a report submitted by a technical advisor retained by the Court. Dr. Lamb also testified at deposition twice concerning class certification and at an extensive evidentiary hearing on the issue of class certification.

Delaware Slashes Clearwire Value; Favors Management Projections

Observers expecting another decision from Delaware Chancery Court favorable to petitioners got a big surprise last month, as the string of above merger price appraisals came to an end. On July 21, 2017, Vice Chancellor Laster ruled in the Clearwire Corp appraisal proceeding that the fair value of Clearwire’s stock at the time of its merger with Sprint was $2.13 per share, some 57 percent below the merger price of $5.00 per share.  This comes on the heels of two recent Chancery Court appraisal decisions, Dell, Inc. and ISN Software Corporation, where fair value was determined to be 27 percent and 158 percent higher than the buyout prices, respectively, rewarding petitioners for pursuing the costly process of seeking an appraisal.