July 24, 2019
Hunton Andrews Kurth LLP earned a spot in The National Law Journal’s Top 100 Verdicts list for 2018. The firm, with co-counsel Munger, Tolles & Olson, is ranked 14th for the sizable jury award secured for family-owned door maker Steves and Sons in a groundbreaking antitrust lawsuit against JELD-WEN, Inc.
After nearly three weeks of trial, the Hunton/Munger team showed the U.S. District Court jury in Richmond, Virginia, that JELD-WEN’s 2012 acquisition of its competitor CraftMaster violated Section 7 of the Clayton Antitrust Act because the merger substantially lessened competition. The jury awarded Steves $12 million in past damages and $46.5 million in future lost profits. When the final judgment was entered by the trial court, these awards were automatically trebled. The case is now on appeal to the 4th Circuit. Still pending with the trial court is Steves’ petition to recover more than $28 million in attorneys’ fees and litigation expenses.
The Hunton Andrews Kurth team included Lewis F. Powell III, John S. Martin, Maya M. Eckstein, R. Dennis Fairbanks, Meghan A. Podolny, Joshua P. Hanbury and Alexandra Taylor. The Munger Tolles team included Glenn D. Pomerantz, Ted Dane, Kyle Mach, Kuruvilla Olasa and Emily Curran-Huberty. Also representing Steves were Marvin Pipkin and Kortney Kloppe-Orton of Pipkin Law.
Read “Top 100 Verdicts 2018: Chart,” National Law Journal, June 5, 2019.