Time, Hearst Win Toss of $371M Antitrust Suit
Troutman Sanders was mentioned in an August 20 Law360 article about Time Inc., Hearst Communications Inc. and other magazine publishers winning a bid to toss out a lawsuit brought against them by Anderson News LLC – Anderson News LLC, et al. v. American Media Inc., et al.
In the case, the plaintiff had claimed that the defendants colluded to put it out of business and were seeking $371 million in damages as a result of the defendants rejecting its 7-cent surcharge for magazine distribution services in January 2009. After the “rejection,” Anderson ceased operations and went bankrupt. The judge in the case ruled that the publishers’ decisions not to accept Anderson’s price increase didn’t add up to an antitrust claim.
Troutman Sanders was listed as representing one of the defendants in the case; that defendant is Bauer Publishing Company, which is a client of New York partner Dan Anziska.