On December 7, 2021, Econ One expert Dr. Hal Singer took the stand to testify on behalf of a class of direct purchasers in a price-fixing case concerning electrolytic capacitors. It was Dr. Singer’s fourth appearance in his career testifying before a jury. One week later, and days before the jury was set to deliberate, the last remaining defendant, NCC/UCC, settled the matter.
The trial was the second attempt to bring the case before a jury, as the first trial was canceled due to the onset of Covid-19 in March 2020.
Across all defendants, the settlements in the case reached nearly $600 million. Plaintiffs were represented by, among others, Joseph Saveri, Steve Williams and Anupama Reddy from the Saveri Law Firm, and Eric Cramer, Mark Suter, and Ruthanne Gordon from Berger Montague.
Dr. Singer was supported by Kathryn Karasek, Omer Gold, and Kevin Caves. Dr. Singer issued two reports in the matter, assessing the qualitative and quantitative evidence consistent with the alleged price-fixing conspiracy and rebutting the defendants’ experts. He also debated one of the defendants’ experts in a “hot tub” proceeding, which was held prior to the first trial.