In re Pressure Sensitive Labelstock Antitrust Litigation
Court: United States District Court for the Eastern District of Pennsylvania
Case No.: MDL No. 1556
Wexler Wallace’s client in this antitrust case is the premier supplier of custom label products and one of the largest labelstock purchasers in the country. In this action against manufacturers of labelstock (the base material from which labels are made), the client’s chief financial officer provided crucial testimony relating to the products and pricing behavior at issue in the case. Working closely with the client, Wexler Wallace produced a massive amount of information during discovery. These efforts by the client and Wexler Wallace helped lead to class certification and an eventual settlement of the entire case.
After significant mediation by Kenneth R. Feinberg, a well-known mediator and special master appointed by President Obama in both the BP Gulf Oil Spill and bailout under U.S. TARP, the case settled for an aggregate payment of $46.5 million. The Court approved the settlement and plan of allocation, and the settlement funds have been distributed to the Client and the Class of labelstock purchasers.