In re Polyester Staple Antitrust Litigation

Cohen Milstein served as co-lead counsel in In re Polyester Staple Antitrust Litigation, a case in which class settlements ultimately totaled $46 million – more than the actual damages the plaintiffs’ expert economist estimated.  The case involved allegations that several manufacturers of polyester staple, a synthetic fiber used in products such as pillows, mattresses and furniture cushions, conspired to fix polyester staple prices in the United States from April 1999 to July 2001.  In certifying the class, Judge Richard L. Voorhees of the Western District of North Carolina noted that “Class Counsel, who have appeared before the Court on numerous occasions during the course of the litigation, have been exceptionally well-prepared on each occasion and demonstrated a mastery of both antitrust and class action jurisprudence.”  In re Polyester Staple Antitrust Litig., No. 03-cv-1516, 2007 WL 2111380, at *11 (W.D.N.C. 2007 July 19, 2007).