Antitrust Litigation
In 2010 Hanly Conroy obtained a settlement of $32 Million in an antitrust litigation between its client Synergetics USA, Inc. and Alcon Laboratories, Inc. The suit alleged that Alcon engaged in certain anti-competitive conduct in the market for vitreoretinal surgical equipment and supplies. In an unusual approach to commercial litigation, the firm took on the high-risk litigation under a contingency fee arrangement, whereby Synergetics would pay attorney fees only as a percentage of any recovery in the case. Traditionally, commercial litigation is pursued by outside counsel paid at hourly rates. Increasingly, however, corporate general counsel have come to understand that plaintiff contingency fee lawyers involved in complex litigation are a huge boon to cash-strapped companies: such arrangements can involve near-zero cash disbursements and the potential for huge recoveries.

For a free consultation with an experienced antitrust attorney, please contact us today.

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