In 2016, Plaintiffs filed a First Amended Class Action Complaint on behalf of a proposed class of purchasers of service protection agreements from Defendants alleging that the agreements were “deceptive and illusory because Sears did not in fact provide the bargained for coverage of the products that the agreements purported to cover.” Counsel for the Plaintiffs retained Christopher Jackman to analyze whether a standard and reliable methodology exists to measure damages suffered by proposed class members as a result of the alleged misconduct without resorting to individualized inquiry under three causes of action: a breach of express contract; unjust enrichment; and a violation of Pennsylvania’s Unfair Trade Practices and Consumer Protection Law. Mr. Jackman filed an Expert Report and testified at deposition regarding these issues.
Year: 2018
Class Certified in UTi Worldwide, Inc. Shareholder Action
In 2015, Plaintiff Michael J. Angley filed a proposed class action lawsuit against UTi Worldwide, Inc. alleging violations of the federal securities laws. Counsel for the proposed class retained Cynthia Jones, CFA of Monument Economics Group to provide expert testimony concerning class certification issues. Following a recent hearing on the matter, the Court granted class certification on April 19, 2018.
Antitrust Damages Analysis Can Respect International Comity
A controversial issue argued Tuesday before the U.S. Supreme Court was whether the Second Circuit should have given complete deference to a declaration that price-fixing by two vitamin C manufacturers was required by Chinese law. When a foreign government’s regulation is exempt, measuring damages attributable only to the cartel respects international comity while also recognizing how foreign cartels can harm U.S. customers, say economists of Monument Economics Group.