A state filed a lawsuit against several major oil companies for allegedly colluding to fix the price of gasoline, counsel for one of the oil companies.
Retained by Munger, Tolles & Olson
When a state filed a lawsuit against several major oil companies for allegedly colluding to fix the price of gasoline, counsel for one of the oil companies retained Cornerstone Research and Dr. Michael Keeley, a senior vice president of Cornerstone Research, to analyze the operations of the gasoline market in the state and to assess the collusion claim. Our research showed that our client’s decisions on pricing, capacity, purchasing, importing, and capital investment contradicted the plaintiff’s claims of collusion. The case settled.