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In re Iowa Ready-Mix Concrete Antitrust Litigation, No. C 10-4038-MWB (N.D. Iowa)

Practice Area: Class action

Outcome: Settlement for approximately $18.5 million in favor of plaintiffs

Description: The case involved a price-fixing conspiracy among suppliers of ready-mixed concrete in the Iowa-area. In his November 9, 2011 order granting attorney's fees to class counsel, Judge Mark W. Bennett of the U.S. District Court for the Northern District of Iowa wrote: "Moreover, Class Counsel achieved these fabulous results with incredible efficiency. This case was filed only last year, and it presented particular complexities in proving the scope of the price fixing conspiracies and damages to class members. As defense counsel Mr. Pakalka noted, 'This settlement is remarkable. . . . And it was not destined to be by any means.' Nevertheless, through their extremely skilled and efficient efforts, Class Counsel marshaled sufficient evidence and achieved settlements that were highly favorable to the class members—all within a year and a half of the original case filing."

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