$125 Million Settlement Reached in Drywall Price-Fixing Lawsuit
PHILADELPHIA, Jan. 3, 2018 /PRNewswire/ -- Berger & Montague, P.C. is pleased to announce that on December 29, 2017, affiliates of American Gypsum Co., National Gypsum Co., and PABCO Building Products LLC agreed to pay a class of drywall direct purchasers $125 million to settle price-fixing allegations. This latest settlement brings the total amount of settlements for the class to $190.7 million.
Plaintiffs in this class action have alleged that the dominant manufacturers of drywall in the United States engaged in a conspiracy during 2012 and carrying over into 2013 to fix drywall prices in the U.S. and abolish the industry's longstanding practice of limiting price increases for the duration of a construction project through "job quotes."
Berger & Montague is Co-Lead Counsel on behalf of the direct purchaser class, along with Cohen Milstein Sellers & Toll, PLLC and Spector Roseman & Kodroff, P.C. Berger & Montague's team consists of H. Laddie Montague, Jr., Eric L. Cramer, Ruthanne Gordon, Michael Dell'Angelo, and Candice Enders.
"This successful conclusion demonstrates that private antitrust enforcement is effective without prior Government action, and that a complex case can be timely and efficiently litigated to the brink of trial where all counsel and the Court act diligently," said Mr. Montague.
On August 20, 2015, the U.S. District Court for the Eastern District of Pennsylvania granted final approval of two settlements—one with USG and the other with TIN Inc.—totaling $44.5 million. On December 8, 2016, the district court granted final approval of a $21,169,292 settlement with Lafarge North America, Inc.
Berger & Montague, P.C., based in Philadelphia, PA, and with offices in Minneapolis, MN and Washington, D.C., employs more than 60 attorneys with a focus on complex and class action litigation. The firm has played lead roles in major cases for more than 45 years, resulting in recoveries of more than $30 billion for its clients. The firm's attorneys have extensive experience in representing injured parties in class action litigation and complex litigation more generally. Further information about the firm can be found at https://bergermontague.com/.
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